16 unit apartment complex consisting of four buildings each with four apartments for sale by owner. The apartments are 100% occupied with high retention and tenant satisfaction. No immediate capital expenses are anticipated. Very high occupancy rates with rarely more than two apartments vacant for more than a month. Well maintained with several units undergone refurbishment. Rents paid on time and high quality tenants.

50 % of the units pay their own utilities. The other 8 units have gas and water paid by the owner. Desirable location with each unit having own garage. All units are two bedrooms with average rental rate $625 per month.

Serious enquires please call 702 580 7042.

PLEASE NO BROKER SOLICITATION AT THIS TIME. THIS IS FOR SALE BY OWNER

Real estate taxes $1380

Appeal in place with Michigan Tribunal

Insurance $250

Electric. Common areas $120

Gas (two buildings paid by owner) $400

Water $350

Trash $150

Landscaping $ 120

Snow ploughing $100

Average per month cost since no service April thru Nov

Maintenance $700

Management $900

Total expenses $4470

Net income $5585

Per annum $67020