1005 Montana Avenue,
Property consists of 11 2 bed/1 bath units and two (2) 1 bed/1 bath units. All the units have been tiled and remodeled over time with unique finishes and extras. The roof was replaced to the tune of +/- $45,000. The air conditioner units were also replaced in 2016 and are much more efficient. This property has excellent ''bones'' with a shingled roof and brick exterior which will continue to remain low maintenance for years and years to come. The units have averaged $525.00 per unit over a sustained period of time. Market rents should be closer to $600.00 per unit which helps the future owner increase cash flow. This asset is priced below replacement cost. Landlord pays water/sewer/garbage. Tenants pay electric & gas for each unit.
.76 to 1 AC