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6 Unit apartment building. $32,400 gross annual rent. $10,720 annual expenses. $21,680 Net Income. Potential 15+% cap rate @ $145,000.
Currently 100% occupied.
â€¢ Units 1, 2, & 4 (1 Bed) rented at $500/mo.
â€¢ Unit 5 (2 Bed) rented at $600/mo.
â€¢ Unit 3 (basement) rented at $350/mo.
â€¢ Unit 6 (attic) rented at $250/mo.
Tenants pay unit electric/cable/internet. Owner pays gas, house meter electric, water, and trash. Owner is a licensed real estate broker in the state of Ohio.
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