Four unit apartment building currently under renovation. Priced to be sold in an as-is condition, but seller is continuing the work to complete the renovation. Unit #4 is complete and occupied at $800 per month. Unit #3 is also complete and rented for $680. Rent projections for the other two units once complete are $750 and $700 per month. Gas and electric are all metered separately. New siding was just installed. Additional insulation was added in the attic and basement to increase efficiency and meet/exceed current building code.If the property does not sell before the project is completed and units are occupied owner will adjust the list price.
Courtesy of Ryan Wojan from Smith Realty Group.
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