Updated over 10 years ago on . Most recent reply
Apartment Building- Purchase Price?
Vacant
Projected Gross Monthly Income: 24,000
Cap Rate 7.5%
Repair Costs: $300,00
Good Location, on site laundry and storage.
Has anyone sub metered electric and water and what is estimated cost and any information you can offer.
Sewer: $8,400/year
Electric Common area: $12,000/year
Insurance:$12,000 year?
Taxes: $40,000 year
Water: $9,600 year