I have a good opportunity for someone to purchase a small Apartment complex in Arlington. There are 8 units that are fully occupied that bring in 3875/mth. The rents are currently below market, and only average around 485/unit, but should be closer to 550 as is. There are some long term tenants that are bringing down the average. With a 5k remodel to each unit you could bring rents up to around 700 and have a good income producing property.
I have photos, leases, survey, and 2015 expenses. For anyone that can close quick shoot me an email and I'll get you the specifics. nickbookips@gmail.com
Numbers -
Purchase - $380,000
Gross Annual Income - $46,500
Annual Ins - $4800
Annual Taxes - $6900
Maint - $4500
NOI - $30,300
CAP Rate - 7.9%