This 6-Unit Auburn-Gresham property sits on a wide 35' x 125' parcel and is being sold As-Is. The building is solid, has some updates. GOOD NEWS! Each unit is separately metered for gas and electric and are served by central water heaters. GREAT NEWS! Each Individual unit has its own gas forced air furnace heating system. The furnaces are in goof condition, the roof is does not leak and the exterior porches are built to meet city requirements. This building is highlighted by a rare multiple brick floor to joist supporting walls. The attractive two-story property features 2, 2-bedroom, 1-bath, and 4, 1-bedroom, 1-bath rental units. Four units have similar finishes as they have each been updated over the past few years. One unit's rehab is 80% complete. One unit needs extensive bathroom and some kitchen repairs. The three remaining units need painting and minor repairs. With a projected Gross Income of $61,200 the projected NOI is $48,000 to $52,000 annually. This is based on an $850 and $950 monthly rent collected per unit. Extra income can be generated from pay washers and dryers and/or higher rents and storage. Area Cap Rates are 9.5% to 11%.