Six story walk-up with 22 large one bedroom apartments and 2 stores.
Income:
Apartments: $407,409
Commercial: $216,000
Total: $623,409
Estimated Expenses:
Real Estate Taxes: $97,224
Water/Sewer: $8,800
Insurance: $7,000
Fuel/ Electric: $14,000
Repairs: $20,000
Payroll: $3,600
Total Estimate Expenses: $150,624
Estimate Net Profit: $472,785
Price: $7,300,000 ALL CASH
Comments: Excellent location. Boiler is approximately one year old.