1070 MCKINLEY AVE
Property Description
HERE IS A GREAT OPPORTUNITY TO PURCHASE A 20 UNIT APARTMENT COMPLEX. THERE ARE THREE BUILDINGS LOCATED ON 1.42 ACRES PROVIDING A LOT OF PARKING FOR THE TENANTS PLUS A GRASSY COMMONS AREA. MOST ALL UNITS ARE 3 BEDROOM 1 BATHROOM. RENTS VARY BETWEEN $1,000-$1,110 PER MONTH. TOTAL RENTAL INCOME WHEN 100% OCCUPIED IS $21,690. TENANTS PAY GAS AND ELECTRIC BILLS. SHARED LAUNDRY AREA. BRICK EXTERIOR. MANY UNITS HAVE HAD SOME COSMETIC UPDATING. OTHER UNITS WITH LONG TERM TENANTS HAVE NOT BEEN UPDATED. THE ASKING PRICED HAS BEEN REDUCED. THIS IS A GREAT PRICE BASED ON THE MONTHLY INCOME.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,400,000 |
| No. of Units: | 20 |
| Year Built: | 1955 |
| Lot Size: | 3,200.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $120,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 4 |
ID: 3yd-GPARID-582018
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