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List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, June 20th and ends Tuesday, June 25, 2024 at 1:00PM. Improved by a 4,080+/- SF End Of Group apartment Building with 12 studio apartments. **Current Gross Monthly Scheduled Rent of $9,185**Current Annual Gross Scheduled Rent of $110,220**Current Potential Monthly Scheduled Rent of $10,035**Current Annual Gross Scheduled Rent of $120,420** Recent updates include flooring, fixtures, appliances and more. Rent Roll: Unit 1 rented for $820/month, Unit 2 rented for $750/month, Unit 3 rented for $820/month, Unit 4 rented for $850/month, Unit 5 rented for $830/month, Unit 6 vacant, Unit 7 rented for $850/month, Unit 8 rented for $850/month Unit 9 rented for $750/month, Unit 10 rented for $895/month, Unit 11 rented for $875/month, Unit 12 rented for $895/month. Additional features include: o 3 electric water heaters o Split AC system o 3 electric panels o 2 laundry areas (One on the first and one on the second floor) o All units have kitchen with no stove o Wood floors in all units. 2023 approximate expenses: Insurance: $5,085.96, Administrative: $3,751.30, Legal and Professional Fees (Licenses and permits, inspection, legal etc) : $1,021.09, Repairs/maintenance (Includes supplies, cleaning, landscaping, plumbing etc): $5,271.66, Cable/internet: $4,056.94, Common area utilities: $9,891.10, Property Taxes: $13,497.07.

Property Details of 201 E North Avenue

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Listed by Matthew S Cooper of Alex Cooper Auctioneers,Inc.

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