Brick building apartment with 13 units
( 2 bed 1 bath for the 11 units and 2 are efficiency units)
Gross Rents $6,725
– Rented 525 each unit– Condition: Fair– New metal roof was placed last year– No updates on the kitchen and bath– Electric baseboard each unit– Public water and sewer– Plumbing and electrical ok– Replaced the main water line march last year– Some dry wall work needed– Some kitchen needs updating– Some bathrooms need to be updated as wellExpenses 2021
Taxes 3,580
Insurance 3,420
Water/Sewage 6,345
Electric 2,050
Trash 1,580
Grass/Landscaping 1,950
Pest Control 1,475
Fire Prod. 160
Total $20,560
– Lot area: 1.25 acres