​Solid Brick 10-Unit Hidden Gem

[Steve Lawson]

Incredible opportunity to own a solid brick apartment building at a reasonable price. Seriously...hardwood floors at this price? Property contains eight 2-bedroom units and two 1-bedroom units...and the biggest closets we've ever seen in apartments. All of this results in a low-maintenance, easy-to-rent cash machine.

See Proforma Below:

$412,000 Purchase Price

$75,000 Rent: ($6,250/month)

18.2% GROSS RETURN

-$4,092 Insurance

-$3,984 Taxes

-$7,500 Management

-$6,948 Other owner expenses (trash, utilities, etc.)

= $52,476 NET ANNUAL CASH FLOW (12.74%)

-$11,256 Maintenance & Vacancy

=$41,220 ESTIMATED ANNUAL RETURN (10.0%)

Please visit http://p.reiblackbook.com/103103 or contact us at 317-446-6026 for more information