11 total condo units to be converted into apartment rentals. There are currently 4 units that have been newly leased. One 2 bedroom, 1.5 bath for $1,400/month, one 2 bedroom 1.5 bath for $1,650/month, one 3 bedroom, 2.5 bath duplex for $2,200/month, and one 3 bedroom, 2 bath duplex for $1,800/month. Projected taxes are to be $32,000 current tenants pay for gas, electric, and cable/internet. 5 other owners have elected to rent back their unit from new buyer for a period of 1-12 months at a rate of $1,620/month for the 2 bedroom, 1.5 bath units and $2,020/month for the 3 bedroom, 2.5 bath duplex units. This building has eight 2 bedroom, 1.5 bath 1100 square foot units and three 3 bedroom, 2.5 bath duplex units ranging from 1700-2000 square feet. Every unit has in unit laundry, individual HVAC, gas, and electric. Property also includes 5 gated parking spots and exterior surveillance system. New back deck constructed in 2016. Make some cash flow today!
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