12 unit apartment complex consisting of three 4-plexes, on the West end of town, nestled in the trees not far from the Gunnison River. Over 1.5 acres allows room to build an additional 4-plex. Covered parking with locking storage for every unit. Large common areas landscaped with lava rock, grass and mature trees, in one of the quietest areas within Gunnison city limits. 12 units total, all are 2br/1 bath. 2 units are owner occupied; 10 units are under lease for: $1600, $1600, $1600, $1600, $1600, $1600, $1600, $1650, $1650, $1650. Gross rents are $193,800/year. Expenses are: $49,494/yr, which is 10% of gross for Property Management/ taxes/insurance/water/sewer/trash/ landscaping/snow removal/maintenance. Tenants pay for their own electric. With current rents, NOI is $144,306. Cap rate is 4.37% at asking price. IF all units were leased for $1650 each, NOI would be $183,726, for a 5.57% Cap rate at asking price.