4-Plex passive income property bringing in $2,100 a month. Owner pays water and sewer which averages to $500 a month (I suggest that tenants should pay water and sewer). Taxes are $2,782.96 a year. Maintenance $1,400 a year. Vacancy $1,000. Insurance $850 NOI $13,167.04 CAP RATE $12.5%
Minor cosmetic repairs
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Awesome investment opportunity in a growing community.