Great income property. 8 residential units and 2 commercial units. There are 7 studio "efficiency" apartments, 1, 3 bed unit, a commercial building of about 1,200 sq. ft. housing a computer store and a metal building of about 2,400 sq. ft.
The property is in good shape. The apartments have new windows
The property brings in a total of $8,475 / mo. and is 100% occupied. The rents are at a level that allows the property to remain well leased
the 1.09 acre lot is not full utilized. The rear area has 3 containers on it and some excess area.
Considering the expenses of +/- $2,926 per month .. the property will give an 8.6 return at the asking price