Good investment property!
Year built: 1994
Current rental income: $500/month for TEN (8 currently rented out 2 vacant) 2 Bedroom 1 Bath 800 sq ft apartments. In addition, there is a 2 story 400 sq ft storage section in the back-right side of the building that has the potential to be converted to a 1 bedroom 1 bath efficiency apartment (Potential 11th Unit). Water & Electricity Meters: They only have ONE Water Meter for the building but the current tenants pay 50.00 each for water and sewer. Electricity meters are all individual meters.