Fully Occupied 4 unit Apartment Building for sale. 2021: Total current rent per month: $4353 (APT1: 1075, APT2: 975, APT3; 1328, APT 4: 975) (Yearly: $52,236) See below for Profit and Loss. Apt 4 has an extra room that could be use as a baby room or office. The entire building was renovated between 2011 and 2012. Only showing pictures of Apartment 3 and 4. Apartment 1 is very spacious with original beautiful hard wood and open design kitchen. Apartment 2 also has a very nice kitchen and floor plan. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Due to tenants' privacy, showings will only occur for approved buyers with proof of pre-approval that can be confirmed or cash in full available for the purchase price. Showings will be grouped to a few people at a time on a select afternoon to be determined. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. Rent Amounts:Apt 1: Subsidized: Lease Amount: $1075 Apt 2: Subsidized Master Lease Amount: $975 Apt 3: Subsidized Lease Amount: $1,328 Rent Apt 4: Subsidized Lease Amount: $975 Rent 2021: Total rent collected for the year = $51,6492021: Profit and loss: $51,649 - $20,392.96 = $31,256.042019: GROSS RENT COLLECTED: $48,635.50 EXPENSES: $13,706.22 NET INCOME: $34,929.28 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 3 APT 4: $7,703.502020: GROSS RENT COLLECTED: $49,790.40 EXPENSES: $10,987.06 NET INCOME: $38,803.34 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 1 AND 10 YEAR SMOKE UPGRADE: $3,063.28All references to the profit or loss and income are taken directly from QuickBooks. The landlord uses a CPA and bookkeeper that is an employee of CPA. These numbers can be verified during due diligence. All number should be verified by the buyer before closing.
