879 Farmers Mills Road
$580,000, 4 Beds 4 Baths 3,540 Sqft 1.17 Acres
About This Property
6.5% CAP - Great Investment of FOUR LEGAL 1 bedroom Apartments with 5 full possible apartments on a level private lot with ample parking up to 10 cars. This money maker has a solid tenant roll with many new improvements. Tenants pay all electric with electric heat on 5 separate meters. Landlord pays snow, landscape and hot water. NEW: front windows, complete bathrooms in all units, garage doors, well pump and entire well casing, water softener system, and water pressure storage tank. Roof is 9 years new. Separate room in rear of building ready for laundry room that has a separate dry well. Total Gross Rent = 68,700. Total Expenses = 30,900. NET INCOME = 37,800 at 580,000 is a 6.5% CAP
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Listing information last updated on August 21st, 2019 at 7:28am CDT.