Check this out!! 12 unit 2 story concrete block apartment complex consisting 12 remodeled 1 bedroom 1 bathroom units and is currently 100% occupancy!! Current owners have replaced all the hot water heaters, 12 new a/c units with steel cages built around them for security purposes. All units have hard wired smoke detectors, and new appliances with 6 months of warranty remaining. Cosmeticly each unit has new laminate wood floors , all wet areas are new vinyl. All tubs have ceramic tile surronds and freshly painted interiors!!!!! This is turn key profit, all 12 units rented for $550 a month with a fifty dollar discount for prompt pay, this great central location can support higher rents if desired owner was more concerned in getting long term rentals, This building was construted of solid block and morter, even the stairwells, Ins and maintence is a min. cap rate approx 10% to 12 % currently
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