8-Unit Apartment Building Located in South City

This a 7311 sq ft all brick building built in 1927 with significant architectural appeal. There are 8 units with a private bedroom, refinished hardwood floors and large closets. Updates include newer forced air furnaces, newer thermal windows, and some new plumbing. The rents are currently at $445 a month and could be raised to $475 or $550 with some updates made. Income $40,584 Expenses Taxes $3,160 Insurance $2,226 Water/trash $3,172 Sewer $2,540 Repairs $3,826 Total $14,924  Net $25,660

Paying buyers agents 2.50%