36 unit 4 sale 1.2 mil, cash flows $100 per unit Value add!!
Retire now! This great building is rented now. Immediately bring in income. This has a lot of value add opportunity. Even though the units are updated the old management company never increased rents. Rents are on average 578, however, market average rent is $700 a month! Easily increase your cash flow by 128 a month per unit making your cash flow per unit 228 a month even after your mortgage. Located in Akron Ohio, in the zip code 44313. Six buildings, each with six 2-bedroom apartments. Tenants pay gas and electric.
Current Gross Income 250,000
Current yearly expenses 140,000
These garden style apartments are spacious. The building was built in 1963. Serious inquiries only. Please do not approach tenants. Contact me directly for more info.