Property Description:

This 29 unit apartment building is fully functional and well maintained and comes with established property management and tenants already in place.  
Gross Revenue in June = $14,440, however rents are actively being raised on existing tenants monthly and as tenants turn so projected Gross rent for August will be in excess of $16,000.
Additional opportunities exist to raise revenue even more including;
Transitioning the unit currently used part-time by the owner to a rental unit
Finishing off the 3rd floor to create 6 more units (electic and plumbing access are already in place)
Transitioning the units to individual meters and charging the tenants for utilities.

These could equal $5000 or more in additional revenue making this a potential 14% CAP.

Monthly operating costs = $4750 and this INCLUDES the property management fee.

Call or Text 417-231-6755 for more info or to schedule a showing.
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