$399,000

This one cash flows! This is an 8 unit apartment building with nearly all of the apartments remodeled at turnover. Hardwood floors, paint, etc, there is a brand new tear off roof in 2016, the boiler is less than 10 years old, and all apartments are individually controlled. Apartments have always been rented and no issues with vacancies. There is a ton of storage on site with a huge locked basement with no tenant access. There are also two vacated studio apartments on the 3rd floor that with some effort could be put back together again (with city permitting). There is also a small garage in the back that is empty giving further opportunity to rent it out to a tenant or separately. Off-street parking for 6+ cars as well. There is so much opportunity here with $6,345 a month in Gross Rent equalling over $76,000.00 a year when fully rented. Annual expenses are Lawn $550, Snow $600, RG&E (Heat) $5800, Garbage $3318, Water $1500 - $2000.