1610 NW 59th St

EXCELLENT INCOME PROPERTY!! ALL UNITS ARE IN VERY GOOD CONDITION. FEATURING 4 UNITS, 2/1 EACH UNIT WITH LONG TERM TENANTS, NONE OF THEM ARE SECTION 8. GROSS ANNUAL INCOME: $45,600, 10% GROSS. ANNUAL EXPENSES: TAXES- $3,513, INSURANCE- $2,641, WATER- $800, GARBAGE COLLECTION - $1248. NET INCOME: $37,398, 9% NET CAP RATE AT CURRENT LISTING PRICE. PROPERTY HAS 4 ELECTRIC METERS. WATER IS INCLUDED IN THE RENT. ROOF IS 3 YEARS OLD. ALL FLOORING HAD BEEN REPLACED 3 YEARS AGO.