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Real Estate Auction - INVESTMENT PROPERTY 4 - UNIT APARTMENT BUILDING

Four, 2 bedroom units with stove,refrigerator, washer/dryer hook ups and seperate heat.
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Current Rental Income:

$410 / month

$410 / month

$405 / month

$400 / month

CURRENT YEARLY INCOME $19,500

Approximate Utility Expenses:

Water $50 / month

Sewer $100 / month

Electric 9/month (landlord meter)

  • Real Estate Taxes (2005) $1873 / year

  • Off street parking in the rear of the property
  • Each unit has it's own hot water heater, seperate heat (gas/electric) and new roof intalled this year.
  • There are washer/dryer hook ups in 3 of the units.

10% deposit due the day of auction. Balance due within 45 days. 6% buyer's premium will apply