4 unit apartment building with great tenants. 402 16th Street features (three) 2-bedroom apartments and a 1-bedroom apartment. Current total rents are $2,200 per month. Landlord pays most utilities, total expenses(including taxes, insurance, and utilities) run approximately $1,200 per month. This multi unit includes a storage shed, off-street parking for four cars, back yard, and commercial driers/laundry in the basement. Two of the apartments have had recent upgrades including carpet, vinyl flooring and fresh paint. Each apartment features a living room, kitchen/dining room, bathroom, stove, and refrigerator. Oil hot water heat and metal roof. Current rents are $575 (x3) for the two bedroom apartments and $475 for the one bedroom apartment. Leases in place. Rents could be raised due to recent improvements. There are also coin operated dryers in the basement which bring in approximately $50 per month. For sale by owner, bring offers, $68,000 obo.
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