For Rent by Owner
Pros
Landlord owns the building and rents directly so no management company. Rent has been reasonable though they did raise the rent significantly in 2023. Two units have utilities included since their power, water, and gas are linked.
Cons
Basement apartment needs to be gutted and redone. Building is slowly falling apart. Landlords live in Utah so maintenance gets done on larger issues but upkeep is typically ignored without bothering the landlords.
Advice to the owners
The building and property is falling apart more than you realize.