$2225000 10 Unit Apartment Building near Prime Downtown Area

Excellent opportunity for investor looking for rental income or to add to existing rental real estate portfolio. Also excellent 10 unit apartment property for a 1031 Exchange. Prime Real Estate location with excellent future potential.
All units are fully leased.
6-Two Bedrooms with One Bath
4-Three Bedrooms with One Bath
Income/Expense Evaluation:
Annual Gross Income: Apartments 182,880
Storage 3,600 Laundry 2,700
Total Gross Income 189,180
Estimated Annual Operating Expenses:
Real Estate Taxes(Tax Year 2006) 24,678
Gas 9,000
Electricity 850
Water 2,800
Insurance 3,278
Waste Disposal 1,080
Total Expenses: 41,686

Net Income: 147,494


Make an Offer!
Interested Parties contact Steve at: 1-847-371-1461
or send me an e-mail