Brick & compact 9-family, North End Manchester. Gutted & remodeled in past 3 years. (Seven 1-bedrms, Two 2-bedrms) Tenants pay own gas heat & electric (owner pays hot water); NEW from studs in: heating, all flooring, about half of sub-flooring, walls, insulation, baths, kitchens, doors,most of the plumbing, electrical panels, membrane roof, windows, woodwork. 4-car rear-of-bldg. parking (tenants pay extra) & on-street parking, plus public lot across the street; some leases, some tenants at will. Nothing to do! $90,900. Income total; -$17,007. expenses; = $73,893. Net. (with 10% also deducted for Vacancy,mgr,maint, the cap rate is 8%) Financing w/ 20% down is available, and ROI is 14%
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