About this home

28 units, 6 (1) bedroom units, 22 (2) bedroom units. All have 1 bath. 1 bedroom units rent for $600 all bills paid, 2 bedroom units rent for $650.00 all bills paid. Seller estimates utilities on units $100 to $150 per unit. Coin operated laundry. On site manager who receives an apartment at no rent. 100% occupied rent would be $214,800.00 annual. 2014 expenses. Water, electric, sewer, $41,508, Gas $6,891, trash $1,416.00, Insurance $3,232, Real estate taxes $8,522. Units have separate electric meters however owner finds paying the bills have worked out better. Pitched metal roof over flat rubber membrane roof, per owner. Close to downtown and college. Seller says 18 to 20 always occupied but he hasn't really worked on filling them up . He's tired and wants to go fishing has owned for 10 yrs and says it's been a good property for him.