Consists of 8 apartments, each apartment consisting of 2 bedroom, 1 1/2 baths approximately 7,308 total square feet.The building is all brick with concrete poured second floor porches and ground level porches. The metal roof is approximately 1 1/2 years old. The lot has plenty of parking . The building has farm land on two sides and other rental property on others. Property is in the city limits with very convenient proximity to shopping. Estimate of expenses are approx. $11,000. Present rent roll $48,180. With each apartment simply paying 550/month annual income would be $52,800/year It appears market rent pricing for apartments in present condition are between $550-650/month. A lot of upward potential. Call agent for showing today.
|6/7/2019 3:00:00 AM||New Value: $350,000|