SOLD - SOLD - SOLD

 SOLD - SOLD - SOLD - SOLD

$189,000

2422 7th Ave    Council Bluffs, Iowa

Click on link for listings - BillSimmonsRealtor.com

Gross Income :        $34,200

Vacancy 5% :               1710

Taxes :                          5642

Insurance:                    1276

Maintenance 10%:        3420

NOI:                            $19784

Cap Rate:                   10.4%

GRM                           66.32

Cost Per Unit              $47250

UPDATES

* 8 Windows

* Thrasher water proofing

* New furnace & AC 2016 

* Water Heater 2016

* Two new bathrooms 2015

* One new kitchen 2015

* Carpet in two units 2015

RENT ROLL

UNIT 1 - 2 BR    $675

UNIT 2 - 2 BR    $675

UNIT 3 - 3 BR    $725

UNIT 4 - 3 BR    $775

Total Month :      $2850

Tenants Pay:

Gas & Electric - separately

metered

Landlord Pays:

Water & garbage

Off street parking

100% OCCUPIED!