8 unit apartment complex. For sale by owner, as-is. Agents, bring your buyers, we will pay 3% commission. Excellent rental income. Complex has lots of storage in a shed in the back. Complex sits on a large lot that has potential. There is also a small coin-op laundry room for tenants onsite. Currently there are 6 units rented for the following amounts: #10 - large apartment (previously managers quarters) with two bedrooms, full kitchen, and large living space - $600/month #2 - One bedroom with small kitchen and living space - $500/month #5 - One bedroom with small kitchen and living space - $500/month #3 - Single room with no kitchen but separate bathroom - $400/month #4 - Single room with no kitchen but separate bathroom - $400/month #6 - Single room with no kitchen but separate bathroom - $400/month Current monthly rent totals $2800/month and all utilities average $1000/month. There are 2 rooms that need to be refurbished, and estimated rental for each room is $500/month for total of $3800/month in rent at full capacity. Most tenants are long-term and pay regularly. Very low vacancy rates. As soon as an apartment becomes available, it gets rented. For more details please call.
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