Listed by: Adashun Jones, Inc.
Approximately 12460 sq ft, 16-unit apartment complex each unit with 2 bedrooms & 1 full bath, kitchen and living room. 10 Units have been renovated with updated flooring and fresh paint, bathroom vanities and plumbing/electrical fixtures. Average gross rent per unit $550 15 of 16 units are occupied. Landlord responsible for water, gas, common area maintenance, waste removal, lawn & snow. Tenants pay electrical. Radiant hot water heat system with new boiler pump and zoned heating. Full basement with coin-op washer/dryer (2 each). Storage for each unit in basement. Approximately 20 parking spaces available. Great location next to Marian University. Gross cash flow approximately $96,000 annually.