6 Unit Brick Money Maker -20% Cap This 6 unit brick building in Wilkinsburg is in excellent condition and fully rented with the tenants paying G&E. The building consists of four 2 bedroom apts and two 2 bedroom apts. With property management in place, this could be a rock solid investment for the out of state investor, showing a mighty 20% Cap Rate. (The four 2 bedroom apts rent for $450, the two 1 beds for $425 and the garage for $350) Gross Monthly Income: $3000 Monthly Expenses: Taxes: $250 Insurance: $250 Water/Sewer: $350 Management: $300 Landscaping: $60 Total Monthly Expenses: $1,180 Monthly Positive Cash Flow: $1820 Annual Positive Cash Flow: $21,840 Cap Rate: 20% |
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