The current Gross Annual Income is $40,560. Current rental income is $3,050/month. Sewer, Water and Garbage is paid directly to the landlord in an approximate amount of $330/month. (Tenants pay Electricity directly to utility company). Making the effective rental income of $3,380/month. Since the landlord is in the middle of replacing one of the tenants and increasing the rent price, that showing the market potential of $3,930 per month, through increasing the monthly rent.
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Listing Courtesy ofWilliam Johnson, Broker