I have a friend that is selling their 16 Unit 16 BR (1BR Appalments) in St Petersburgh FL.

Total rental income $8770

1- $495. (sect. 8) one year lease

2- 550. (sect. 8) 0ne year lease

3- 450 month to month

4- 525 mtm

5- 500 mtm

6- 525 mtm

7- 525 mtm

8- 650 (sect. 8) one year lease. New tenant

9- 575 mtm

10- 550 (sect. 8 ) one year lease.

11- 550 mtm

12- 650 ( sect. 8) one year lease. New tenant

13- 550 mtm

14- 525 mtm

15- 625. ( sect. 8) one year lease. New tenant

16- 525 mtm

Laundry= ( 2 dryers + 2 washers No works )

Expenses: per year.

Insurance= $10,827. ( Hazard&Liability. No flood required )

Water= $10,000.

Electricity=$ 2,000.

tax= $11,032

Maintenance= $ 7,000.

Total $58859 /year net income /yr $46,381. Buildings will need a new roof and a little TLC. Once done rents can certainly be raised. I do have a referral fee in place so please let me know if you’re interested and I’ll connect you to the owners.

-Bernard