INVESTORS!! This is 5 buildings with 14-1 Bed, 1 bath apartments and 2-2 Bed, 1 Bath apartments. Owner pays water, trash and lawn care only. This is an excellent income package opportunity that is set up to walk into and just start making money!! Very close to campus and seller just spent over $126,000 in last 12 months in improvements!!! Newer water heaters all in last 5 years, all updated electrical panels (All units have been converted to electric, no gas), New roofs in October 2022 for 308 and 511 buildings, new roof on 312 in 2020. Rent projection is excellent with almost all new leases signed through 2023. Current monthly Rent Roll is $10,135 and will be 10,400 soon! Will then be 11k easily in 12 months. All new Paint, New flooring in a lot of units, updated LED light fixtures! Brand New Carpet in stairwells! Several new furnaces and Air Conditioners. Vinyl click flooring and hardwoods in all units. New stainless steel appliances stoves/fridges.
A full list of improvements plus income and expense itemized sheet is available in attached documents.
Owner is a licensed real estate agent.