RARE 42-unit apartment building. Main building – 32 units all efficiency/studios @ $600/month. Building directly west is 9 units – 6 units are 1 bed & 3 units are efficiency/studios from $600-$900/month. 2 bedroom SFR on property included & rented $1,050/month. Entire property parking area freshly paved & striped with +-35 spots. Main building – 8 year roof with new trusses & OSB decking with 30 year asphalt shingle. 9 unit building has rolled roof. Main building has electric panel/meter for each unit, tenants pay own electrical. Heating in each unit is electric. 2 new large hot water tanks run hot water for all units & landlord pays gas. In 9 unit building, there is a new boiler that heats all units & landlord pays for that and it has been recently vinyl sided. Landlord is responsible for water/sewer for the entire property. Roughly 90% of interiors have been renovated with new vinyl flooring, bathrooms, paint & kitchens. New main staircase & railing. Upgraded electrical & meters. Mostly new exterior doors & windows. Coin-op laundry machines included. 3 maintenance/storage rooms. Main building new vinyl siding. 100% occupied due to lower rents with no delinquency.
