Two Unit Apartment building with 8% cap rate. First floor one bedroom rents for $875 and includes washer & dryer. Second floor one bedroom plus third floor den rents for $825. Tenants pay electric. Owner pays water, sewer,trash, gas heat and hot water. Gross Rental Income is $20,400. Expenses are taxes $1664, Insurance $709, Utilities $3924, 15% vacancy-maintenance-management $3,060. Total Expenses is $9357. Net Rental Income $11,043. Gas forced hot air furnace and gas hot water heater! Two 100 Amp electric boxes! Excellent investment property in a convenient location .
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