392 S Ada St, Glenns Ferry, ID 83623

12 one bedroom apartments 500sq ft 1bedroom 1bath each. Section 8 government subsidized housing for elderly or disability social security recipients. Rents set at 614 dollars per month. Rents automatically raised 3% each year. 17 years left on 20 year HUD contract. You must be familiar with section 8 properties. 85,680 dollar a year income at full occupancy. Units are fully occupied at present time. Basic Monthly expenses are about 2,500 dollars per month. This includes utilities, water, property taxes, insurance, management fees, and lawn maintenance. Latest REAC score is 95.