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Description: Great cash flow in this 14 unit townhouse style apartment complex. There are 8 four bedroom and 6 three bedroom apartments for a total of 14. Attached covered parking and separate basements with washer/dryer hook ups. All utilities are separate. Tenants pay their own heat and electric. Owner pays water/sewer/trash. Gross rents are $129,600. Owner expenses are $43,098 (see breakdown in MLS). Net operating income is $86,502. Cap rate is 11%. Roofing is asphalt and was replaced in 2000, see attached list of ages of hot water tanks, furnaces, A/C and appliances. Same owner for 33 years. He is retiring. Located in residential neighborhood overlooking Sand Run Metropark.

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