Description

5 Unit Multifamily
3 stories & 2500 square feet total with separate entrances
All apartments are fully occupied with long term/stable tenants.
Landlord pays water/oil.

Gross Potential Income: 43,200
Operating Expenses: $5,900
NOI: $37,300

On First Floor:
1st Apartment 1bed/1bath -- $675/mo (tenant pays cable/electricity)
2nd Apartment 1/bed/1bath -- $650/mo (tenant pays cable/electricity)
On second floor:
3rd Apartment 3bed/1bath -- currently occupied by Landlord & will move out at time of sale.
This apartment needs light rehab/TLC Appx. 1.5k
Will rent for $825/mo

On Third Floor:
4th Apartment 2bed/1bath --$725/mo (tenant pays cable/electricity)
5th Apartment 2bed/1bath --$725/mo (tenant pays cable/electricity)