GREAT INVESTMENT OPPORTUNINTY! This is a well maintained 10 unit apartment building that is fully leased and generating cash flow. There have been many updates: roofs, vinyl siding, windows, and doors. There are 5- 2 bedroom apartments: $581 a month, 4 - 1 bedroom apartments: $531 a month, and 1- 3 bedroom apartment: $741 a month. This a Belmont approved property on a one year contract that renews every July with a 2% increase in rents. Last year's income was $67,080, the expenses were $23,636 leaving a NOI for 2020 of $43,444.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
