8 CAP (estimate) CASH FLOWING 100% Occupancy Turnkey Apartments: Corner lot, UPDATED = Bathrooms, flooring, new paint, appliances, etc. Most tenants on annual leases upon move-in. 2 Dumpsters onsite, storage room, mail station, guest parking area.

*** ESTIMATES (DO YOUR RESEARCH TO VERIFY #'S)
Gross Income=14,000/mo about 168,000/year
Utilities=16,000 (Water, sewer, parking lights)
Taxes=7,400 ($4,903 (845 Buildings/Acres: 1.12 = 2,704sqft) + $2,299 (881 Buildings/Acres: 0.49 = 1,578sqft) = 7,202)
Ins=5,000
Main=20,000
NOI = 119,600/ 1.4 M = 8% CAP estimation
*** VERIFY MEASUREMENTS WHILE PROFESSIONAL MEASUREMENTS PENDING ***
2 Parcel ID's = 137509 & 137508
Leases = 7 out of 20 are on MTM currently from their annual lease expiring (1 corp unit currently for showings till Move-In & pending renewals w/ rental increase requests. Other 13 are on Annual leases.