$36,000 yr rental income

excellent investment opportunity. 5 spacious units. two 2-bedroom apartment & three 1-bedroom apartments. hardwood floors, 7-parking spaces. tenants pay their own hydro, bus route. must be seen. fantastic income potential $36,000 yr rental income. expenses $8998. fully rented. must be sold! only serious offers please. asking price $399,000 location sherman avenue, hamilton, ontario items amount($) total gross income(yearly) $36,000.00 operating expenses insurance $ 1,649.40 property tax (for year 2009) $ 3,028.36 electricity (common area) $ 540.00 gas $ 840.00 water and sewer $ 1,920.00 water heater rental $ 1,020.00 total expenses (- ) $ 8,997.76 net operating income(noi) (=) $27,002.2 homes hamilton

Update 18/10/2010 20:07