Quick Summary
Quick Summary
- Profitable 14-unit apartment building
- Generates $121,000 annual gross income
- Low $15,000 annual operating expenses
- Highly occupied with selective tenants
- Recently installed metal roof
- Centrally located near schools
- Priced below recent professional appraisal
- Excellent investment opportunity
Investment opportunity. This 14 unit apartment building generates approximately $121,000 per year gross income with operating expenses of approx. $15,000 this a great investment property with a very positive cash flow. The property is usually 100% occupied and the seller is selective as to tenants. The owner only in the past several... Show More
Investment opportunity. This 14 unit apartment building generates approximately $121,000 per year gross income with operating expenses of approx. $15,000 this a great investment property with a very positive cash flow. The property is usually 100% occupied and the seller is selective as to tenants. The owner only in the past several months installed metal roofing over the entire building. Located in the heart of Victoria close to school and in a good area. This property is presently financed with a financial institution and the list price is less than a recently completed professional appraisal of the subject property. This is a great opportunity for an investment property. (id:54626)
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