Gross income is $2,820 per month or $33,720 gross annual. NOI is $19620 which is an 6.25% cap rate. Lease agreements are 12 months and include an automatic 5% rent increase. 4 unit apartment complex and 2 of the 4 units have been renovated with wood faux plank tile flooring throughout, new cherry wood cabinets, granite faux laminate countertops, all new light fixtures, new white appliances including dishwasher and vanity furniture piece with a quartz countertop in the bathroom. This is part of a package including 5416 and 5424 101st Street.
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