Converted school building with consistent rental history, this 7 unit apartment complex is situated on 7 acres in a rural location with private well and septic (Septic has had recent improvements), room to continue to develop the lot and potential expansion into apartments of the former gym area. Apartment finishes are similar for each apartment and furnished with a range, refrigerator, mircrowave, dishwasher and washer/dryer hookups in each unit with two, 2 BR/1 Bath units and five 1 BR/1Ba units. Separate 200 amp services to each apartment, electric baseboard heat source and all units wired for Armstrong cable, internet and landline. Average landlord expenses are $2000. per year for electric in common areas, $1,500. for garbage expenses, $2000. for mowing and snow removal, $600. accounting fee and $5160. annually for insurance. Property taxes are $7840. at face value.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
