MOTIVATED SELLER! ALL OFFERS!COURTYARD LIKE SETTING ON THIS ALL 2BR/1BA APARTMENT BUILDING WITH 6 WELL MAINTAINED UNITS. 6 ASSIGNED PARKING SPACES. GREAT LOCATION WITH A WELL MAINTAINED END UNIT. UPDATED KITCHENS, BATHS, APPLIANCES, A/C UNITS. NEWER CERAMIC TILES AND CARPET. NEW COIN WASHER & DRYER ON SITE - OWNED AND MAINTAINED BY AN OWNER NOT A CORPORATION. ARM CHAIR INVESTMENT. FULLY LEASED WITH LONG TERM TENANT

Gross Rental Income: $61,900

Gross Rental Multiplier: 10

Total Annual Exps: 22850

Annual Net Operating Income: $43,563

Janitor Expense ($/src): $900/Actual

Water Expense ($/src): $3,500/

Repairs/Decor Expense ($/src): $0/

Total Monthly Income: 5075

Tax Amount: $11,859

Expense Source:

Net Oper Income Year: 2008

Fuel Expense ($/src): $4,550/

Scavenger Expense ($/src): $0/

Other Expense ($/src): $260/

Total Annual Income: 61900

Tax Year: 2009

Expense Year: 2009

Cap Rate: 7

Electricity Expense ($/src): $600/

Insurance Expense ($/src): $2,000/