4-Unit Apartment Building In Egg Harbor City - Fully Rented - 8.44% Cap Rate

Four one beds apartments Each has a living room, kitchen with eating area, bedroom and fullsize bath. The 2 upstairs apartments each have an enclosed back porch. Current monthly rents: Apartment one $770.00 Apartment two $750.00 Apartment three $795.00 Apartment four $750.00 Coin laundry 50.00 Annual income: $37,380.00 100% occupancy Taxes 8322.00 Insurance 1423.00 Electricity 101.00 Natural gas 660.00 Water & Sewer 1600.00 Total expenses: 12,046.00 Cap rate: 8.44% Upgrades: New natural gas boilers for each apartment, new water heater and all new electrical wiring