Description of the business for sale
Built in 1911, This 10 Unit Apartment House is a very good investment with a profitable supplemental income.
10 Unit Apartment House w /3 Units consisting of: 1 - 1br. 1 - 1 br. w/ den, 1 - 2br., with a 100% occupancy.
1 unit at $500 a 1 - br.
2 units at $450 2 - 1 br.
4 units at $550 all 1 br.
Total rent $5,500 per mo., or $66,000 a year. Annual expenses / $10,00 a year. Annual taxes: City / $4,180 and County / $3,147.
Annual net income: $48,673
Additional income potential are 10 storage units @ $20.00 per mo. and 7 parking spaces @ $20.00 per mo.
|
Description of the facilities
Bldg. Size: 7.210 sq.ft.; 3 Stories; Brick construction.
|