7 Building, 62 Unit Apartment Complex

This 7 building, 62-unit apartment complex features:

• Large maintenance and storage shed
• In ground pool
• Playground area
• Common laundry area
• 100% Occupied with a waiting list

Tenants with 2-3 year lease agreements

• Private sewer system
• All electric

Income                                    $443,160

Expenses  

Real Estate Taxes                      $  24,100

Insurance                                  $  13,400

Maintenance and Repairs           $  43,000

Management                             $  30,000

Water                                       $    7,440

Trash                                        $    3,600

Electric                                     $  13,000

Sewer                                       $    5,100

Total                                         $139,640

Net                                           $303,520

Tenants with 2-3 year lease agreements

• Private sewer system
• All electric