Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!
Public Remarks:Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!
Roof:Metal
Showing Instructions Type:Agent Or Owner Present
Special Notes:Aerial Photo
SQFT Building:5786
SQFT Gross:10000
Street Number Searchable:1103
Subdivision Name:Dumas J P Add
Tax Legal Description:DUMAS J P ADDN, BLOCK 28, LOT 1 THRU 4