19 Units Adjacent to Princeton Heights

Features:

• Quiet residential neighborhood
• Easy to operate and low maintenance required
• New roof in 2015
• Individually metered
• Forced heat and central air
• Hardwood and ceramic flooring
• Owner manages the property
• Nice floor plans
• Off street parking

Current Rents:

• 10 one-bedroom units currently $487, potentially $575
• 8 two-bedroom units currently $616, potentially $700
• 1 three-bedroom unit currently $825, potentially $900
• Occupancy rate is 94%
• Annual income $119,827

Expenses:

Taxes                   $7780
Insurance             $4432
Maintenance        $5720
Sewer                  $5880
Water/Trash        $6112

Total                    $29,824

Net Income         $90,003

Asking $875,000

2% Buyer’s agent commission

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