B.
Multifamily 10 units! $25,790/Unit! Tenants pay utilities! CBC!
10-Unit Apartment in College Town
Proforma Gross Income $55,140
Operating Expenses $7,160
Net Operating Income $47,980
DOES NOT NEED ANY WORK!!!
Owner Financing offered with 50% down, 3.99% - 25 years amortized loan, 5 year note.
No. Units:10
· Building Size:7,786 SF
· Price/Unit: $25,790
· Cap Rate: 18.6%
· Occupancy: 0%
- Concrete Block and Wood Frame Construction
- Value add opportunity
- Walking Distance to Campus
- Great Student Rental
- Located near University campus.
- Central Heat/Air and Window Units
10-Unit Multifamily Apartment near University. Great student rental. Separate electric meters for low-overhead.
Unit Mix:
(1) x 3 Bed, 1 Bath @ $600
(1) x 2 Bed, 1 Bath @ $550
(2) x 2 Bed, 2 Bath @ $500
(3) x Studio Apartment @ $375
(3) x 1 Bed, 1 Bath @ $425
(1) x Laundry Facility
Expenses:
Actual Taxes - $3,874.00
Insurance - $2,866.00
Misc - $720.00
Located near University campus.
- call for facts 970-481-0033
Unit Mix:
(1) x 3 Bed, 1 Bath @ $600
(1) x 2 Bed, 1 Bath @ $550
(2) x 2 Bed, 2 Bath @ $500
(3) x Studio Apartment @ $375
(3) x 1 Bed, 1 Bath @ $425
(1) x Laundry Facility
Expenses:
Actual Taxes - $3,874.00
Insurance - $2,866.00
Misc - $720.00
Located near University campus.
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