3952 Vine St is 4 large one-bedroom apartments. Each Apartment includes a large living room, dining room, eat-in kitchen, bedroom, and bathroom. There are closets in the living room, dining room, bedroom, and bathroom. Each apartment has a front and rear entrance. Appliances included: 4 refrigerators 4 stoves 8 window air-conditioners In the basement, there are large storage closets for each tenant and two large storage rooms for the owner. There is a 4-car detached garage with door-openers, and 3 off-street parking spaces. New Roof & Gutters ~2018 New Windows ~2017 New Electrical Panels ~2017 Tenants pay Heat, Electric, and Cooking Gas Owner pays Water, Hot Water, and common area Electric Rents are currently $600 - below market $600 - below market $650 - includes 1/2 of 4-car garage $ - one vacant unit estimating $675 Estimating $2525 monthly income, $30,300 annual Annual Expense Summary Tax $3511 Ins $2082 Water $1710 Utilities $1029 Maint. $2197 Est. Gross Income $30,300 Est. Gross Expenses $10,527 Est. Net Revenue $19,773 ($1647/ mo) $315,000 with 25% down @ 6%, P&I = $1416 Initial estimated cash flow = $231/mo Showings by Appointment
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