$825,000

Property Description

Great investment property in a highly profitable area! This 11-unit apartment building just had renovations finished last week. 10 out of the 11 units were fully renovated including; new flooring, kitchens, bathrooms, and wall furnaces. The building has brand new PEX plumbing throughout, updated breaker boxes, and the roof was just recoated in the fall. There are laundry hook-ups on site with the potential for coin laundry. All units have separate gas and electric meters. The one un-renovated unit has a long term section 8 tenant in place paying $975/month. Total Market Rent- $10,225 (One beds $975, Studios $875) Utilities not paid by tenants - $740-840/month Insurance - $525/month Taxes - $7,300/year This building just needs a new owner ready to place tenants and bring in all the cash flow. Reach out before it's gone!