Apartment investment for sale by owner. Twelve units located in three neighboring fourplexes close to stores, parks, and schools. Residential loans can be used for this investment, commercial loan not needed. All roofs have recently been resurfaced with elastomeric and silicone. A galvanized parapet wall cap has been added. The parking lot has just been maintained by crack sealing and adding two layers of sealcoat. All units have the same layout, 2 bedrooms and 1 bath. Each unit is about 800 square feet. Units all have the same shell white paint color on the inside which makes cuts down maintenance cost and time. There is a 20 foot storage container in the rear of the apartments for apartment maintenance storage. There is also a secure rent dropbox on property which makes it very convenient to collect monthly rent. There is a small gated play area with a picnic table located on the property. All Units Heat: gas furnaces Cooling: evaporative air cooler Water: gas water heaters Washer and Dryer hookups Some Units Flooring varies between carpet, tile, and linoleum Rates: Average rent rate is $500.00 Monthly water bill ranges from $400-500 per month total for three fourplexes Monthly electric bill is $65.00 Tenants pay for their own personal electric and gas bill. It is preferred that the buyer purchase all three fourplexes. At this time we will not sell just one or two. If you'd like to view the units please see contact information. Please respect tenants' privacy and do not contact them directly to view units. Each fourplex is listed at $215,000.00
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