Two unit apartment building with 1-car oversize garage with a 9% cap rate. First floor 1052 sq ft two bedroom rents for $870. Second floor 764 sq ft two bedroom rents for $825.Detached garage rents for $205. Tenants pay electric and gas hot water. Owner pays water, sewer, trash and heat. Gross Rental Income $22,800. Expenses are taxes $2247, Insurance $850, Utilities $4218, 15% vacancy-maintenance-management $3420. Total Expenses are $10,735. Net rental Income $12,065. Buy this property and the one attached to the other side of this semi-detached building at 11 South 2nd street which is for sale for $122,000.
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