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What is the most cash cow real estate asset you have ever heard or seen??

I live next to a university that has an old apartment complex with like 2000 units. They are all kinda pieces of shit that have not been updated or only like 5 percent of rent for years. I was thinking whoever owns this thing must be filthy rich. I kinda laugh thinking whoever owns this. Has owned it outright since 1958 and makes $1200 a month rent on 2000 units. So, I’m guessing bought the land and units for like 250,000 in 1958. It’s worth 18 million now and generates free cash flow of 2 million a year. It just boggles my mind to think how much money that place makes

submitted by /u/Chasingfreedom1224
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source https://www.reddit.com/r/RealEstate/comments/18l7dqr/what_is_the_most_cash_cow_real_estate_asset_you/
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