Turnkey investment opportunity, start pulling in net profit with minimal investment. This 10 unit, 5,500 sq ft. apartment complex is in a highly rented area. 7 units current rental rate $375. Owner pays water and sewer in 3 units with a rental rate of $420. 3 units are in the process of renovation, 1 is in the original state and 6 units have been renovated in the last 3 years. Owner is looking to retire from rental properties. One lawn to maintain, one building to maintain - 10 units of income - $180,000. Excellent to add to a portfolio, or as a single investment supplement. Contact me with any questions.
Income Potential @ 10 units rented (7@$375, 3@$420) = $46,620
Taxes - $1200/yr
Insurance varies - $3000/yr
Water & Sewer - $1000/yr
Trash - $900/yr
Annual Net Income - $40,520
do NOT contact me with unsolicited services or offers