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Ready to go 2-unit apartment building plus garage. This property has long term tenants in place with an annual income of $26,100 with room for improvement. Expenses are minimal since tenant pays for their own heat. Insurance $1,100, water/sewer $720 yearly, trash $680 yearly. This unit cash flows at a 9.3% cap rate with a debt coverage at 1.39% with typical 25% down.
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