| Check It Out! Rare Opportunity To Own A Fully Rented / Cash-Flowing 10-Family Ranchette Style Apartment Building. Solid Brick Construction, Built To Last. Desirable 2 Bedroom 1 Bathroom Ranch Units, Each Having Central Heating And A/C, Hardwood Floors, Private Basements, And Separate Metered Utilities. Long Term Manager Retiring, And The Mostly Long Term Tenants Are On Month-To-Month For The New Owner To Sign New Leases. Lots Of Upside Potential Due To Units Being Under Market Rent Of $750/Mo. = $90,000/Yr. Total Rent. Current Average $605/Mo. = $72600/Yr. Located In A Quiet Suburban Setting, Near Jennings City Hall. Clean Building With Friendly Tenants That Take Pride In Their Homes. This Is A Must See! Perfect Opportunity For A Savvy Investor To Take Advantage Of Low Commercial Loan Interest Rates With Low Downpayment Options, Making A Nice Cash Flow And High Cash-On-Cash Return! |
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