The building consists of four, 1 bedroom 1 bath apartments. $2600 monthly potential, or $31,200 annual gross producing property. Currently 1 tenant gets a friend discount, we collect $2400 monthly total, we are at 28200. 3 Long term tenants in 3 units, 1 new tenant in most recent remodeled apartment. Each apartment has its own metered gas & electric meter, tenants pay all utilities. Each apartment is $650 monthly rent, except the one noted above. Taxes, water, & trash in 2022 were $5,710.68. This rental unit cash flows well in a very hot rental market & has a gross rental market (GRM) score of 5.9. We've never been empty. All apartment easily pass HUD inspections. Full main roof stripped and new sheeting, underlay, & shingles Summer 2012. Real offers considered. A “buyers agent” is welcome and their commission fee will be considered in all offers. Apt 1: Never completely remodeled, minor updating, Long term 20 year older tenant. Need a remodel to mirror other apartment. Apt 2: Complete remodel in 2013. Apt 3: Complete remodel in 2017. Apt 4: Complete remodel in 2021.
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