Turn key 5 unit building w/ separate utilities with upside - nothing to do - just collect rents - Income: Unit 1E- $1,395 lease ends 5/31/23, Unit 1W- $1,045 M2M, Unit 2E- $1,360 starting 2/1/23- M2M, Unit 2W- $1070. lease ends 4/30/23 (pro forma- $1,195), Unit 3- $995 New Tenant 3/1/23, Total Monthly Gross Income: $5,790, Total Annual Gross Income: $69,480 Expenses: Taxes: $4,983, Insurance: $3,500, Assuming; Maint- 5%, Water & Sewer- $2500 Annual, Owner's elec. meter- $1350. Cap Rate 9.5%
$560,000 • 2.00%
Make OfferSarah Isabella, Premier R.E. Investment Group
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