Investors do not miss this tremendous value. Located just across the street from Eastern Michigan University. This prime 6 unit apartment building generates over $72,000 of gross rental income with $12,200 of expenses. Current insurance $3400 a year. Separate electric for each unit. Seller pays gas, water and waste management totaling $8,800 a year. Seller has invested over $80,000 dollars in upgrades over the last 12 months including roof and unit updates. Zero vacancy rate over the years. Step right into a generous positive cashflow with this outstanding investment.
Property Features
Utilities
Electricity Connected
Natural Gas Connected
Sewer Connected
Sewer Available
Heating Information
Forced Air
Natural Gas
Cooling Information
Wall Unit(s)
Water Features
Public
Parking
Concrete
Basement
Crawl Space
Listing Courtesy: The Charles Reinhart Company - 734-971-6070