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favorite this post 9 Townhome Apts. Income Property - $739000 (Decatur, TN.37322) hide this posting unhide

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Great opportunity for investment income for the future. These units are like new. I keep them up to date with new roofs (3 yrs ago) new Front Doors & frames (4 Yrs) and new decks on the back, last year.The appliance are all up dated and in great condition.I have owned them since 2004 and they were built in 1996.

.Rents
1.650
2.550
3.650
4.550
5.650
6.600
7.650
8.800
9.800
Total=5900 per month x12=70800 gross income.

Expenses are taxes 3900
trash 700
Lawn 900
Insurance 2800
occasional appliance or a/c repairs2500

10800 Total

Less expenses 70800-10800 = net $60000 N.O. I. Per Year

These are true figures verifiable by Leases & Tax statements

These are 9 Townhome apts, consisting of 3 building with 3 units in each building . The are 2 story, each unit is 840sf with central H/A 2BR, 1 1/2 BA with newer appliances(ref,range, space saver microwaves, dishwashers) and 2 units have been upscaled with new everything ,custom cabinets, wood floors & builtin tile shower.

Questions, Jim Haney 
  • do NOT contact me with unsolicited services or offers

post id: 6851807988

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