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| For
Sale Financial Information |
| List
Price: $459,000 |
Proj.
Income: $125,760 |
Expenses:
$43,707 |
| Cap
Rate: 14% |
Vacancy
Rate: 2% |
RE
Taxes: $4,101.86 |
| Price
Per Unit: $28,687 |
Sales
Terms - CASH |
Exchange?
Yes |
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| General
Information |
| Land
Sq Ft: 28,500 |
Acreage:
.65 |
Building
Sq Ft: 8,114 |
| #
of Units: 16 |
#
of Buildings: 2 |
Stories:
1 |
| Zoning:
C-2 |
#
of Uncovered Parking: 34 |
Year
Built: 1950/1965 |
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| Apartment
Information |
| Description:
16 unit apartment complex comprised of 2 one-story buildings plus two
storage rooms, which can be converted into living, and a laundry room.
There have been several modifications and improvements over the last
several months including new roof, new interior (cabinets, appliances,
bathrooms), carpet replacement, painting (interior and exterior), and
many more. This property has nothing but upside potential. |
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| Construction
is wood frame and stucco; roofs are pitched with tile and polyurethane
foam roofing system. |
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No. of Units
|
Unit Type
|
Unit Size
|
|
3
|
3/1
|
650 sq. ft.
|
|
4
|
2/1
|
550 sq. ft.
|
|
9
|
1/1
|
450 sq. ft.
|
|
2
|
studio
|
350 sq. ft.
|
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| Remarks |
| This
is an impeccably maintained property showing great pride of ownership.
Family ownership and management has continually updated and renovated
the property to reflect their high standards. Many long term tenants,
quiet "small village" atmosphere, spacious bedrooms, and lush
mature landscaping. Ideal for owner management! Shown by appointment
only. Manager and tenants are not to be disturbed. |
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