pg.3) SOLD Property


B.
$ 257,900.00
central Forida

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

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