Multi-unit apartment building
Units vary in size Each unit has range and refrigerator. Two units have washer and dryer. Two units have dishwasher. Building has central heat and air, however seller has been converting units to baseboard with mini split, so each unit will vary. One water meter and one gas meter (Seller pays for water, sewer and gas) Tenant pays for electricity *Current rents on day of listing: Unit #1: 2 bedrooms Rent $500 Unit #2 2 bedrooms Rent $450 Unit #3 2 bedrooms Rent $650 (Remodeled) Unit #4 2 bedrooms Rent $450 Unit #5 2 bedroom Rent $650 (Remodeled) Unit #6 2 bedroom Rent $475 Unit #7 1 bedroom Rent $400 Unit #8 3 bedroom Rent $ 1,150 Unit #9 2 bedroom Rent $500 Unit #10 1 bedroom Rent $550 Unit #11 1-2 bedroom Rent $650 Unit #12 2-3 bedroom Rent $650 *Coin laundry on site income of $100 to $150 to *At listing gross rents $7,200 as per seller info *24 hour or more notice to view *This building originally was a hospital and seller renovated to apartments, so unit sizes vary. *Seller will provide at closing all rental signed leases, and credit all security deposits being held at time of closing. Rents shall be prorated on day of closing. Summary: With the housing market being so very difficult, this multi-unit is a wonderful opportunity to invest in rental real estate and benefit from the demand. It also allows a good opportunity for tax advantages and savings.
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