Current rental income of $4,850/month = good cap rate – 10-12% ROI!
The building consists of six apartments, each with two bedrooms & one bath. Each apartment features a living room & full dining room. All sixty-six windows were replaced by energy efficient ones in 2013.
Very well-maintained. Conveniently located one mile from Monroeville Mall. Fully rented. Common laundry area has coin-operated washer & dryer.
Additional income from laundry + rented parking spaces. Annual leases. 4,850 sq ft.; 12 BR / 6 BA.
- Taxes: $4,670
- Electric: Updated
- Plumbing: Updated
- Kitchen: (4) Brand New; (2) Satisfactory
- Bath: Updated
- Roof: 4 yrs old
- Furnace: Boiler – recently rebuilt
- Hot Water Tank: 5 yrs old
- Windows: All Double Paned, Updated
- Parking: (2) Off-Street; (4) On-Street
- Rental Income: $4,850/mo total