Price: $139,900 Beautiful brick building o Fully Rehabbed -- all new furnaces, water heaters, updated electrical, freshly sealed roof, fresh paint & tuck pointing 7,500 square feet 8 units, 100% occupied Rents are $375, $500, $375, $500, $400, $430, $400, $450 o Gross income could easily be increased by $440/m ($4,620/yr). Commercial Unit 9017 rent could be increased from $375 to $425, Unit #2 rent could be increased from $375 to $590, and laundry could be installed which would add $120/m to gross income. Gross Annual Income $41,160 Total Annual Expenses $15,189 Net Annual Income $25,971 o Cap Rate: 18.6%
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