| Type: | Multifamily
Garden/Low-Rise |
| No. Units: | 17 |
| Building Size: | 5,491 SF |
| Lot Size: | 6,838 SF |
| Occupancy: | 100.00% |
| Price: | $1,175,000 |
| Price/Unit: | $69,118 |
| GRM: | 7.70 |
| Cap Rate: | 8.04% |
Property Description: 2 STORY BUILDING WITH PITCHED ROOF AND GATED PARKING. NEW EXTERIOR PAINT. COMPLETELY REMODELED UNITS. AIR CONDITIONERS, NEW CARPETS,MINI BLINDS. NEW KITCHEN UNITS AND CABINETS. UPDATED PLUMBING AND NEW ELECTRICAL SYSTEM.
Unit Mix Information
| SINGLES @ $650-795 |
No. Units: 8
|
| |
| JUNIOR 1/1 @ $695-795 |
No. Units: 4
|
| |
| 1/1 @ $750-795 |
No. Units: 3
|
| |
| 1/2 @ $795 |
| No. Units: 2 |
| Year: | 2008 | | Scheduled Gross Income: | $152,520 | | Effective Gross Income: | $147,944 | | Operating Expenses: | $53,450 | | Net Operating Income: | $94,494 | | Pre-Tax Cash Flow: | $29,382 | |
Debt & Equity Information
| Debt Type: | Proposed |
| Loan Amount: | $881,250 |
| Interest Rate: | 6.25% |
| Amortized Over: | 30 |
| Due In: | 10 |
| Annual Debt Service: | $65,112 |
| Down Payment: | $293,750 |
| |
| Loan Description: |
| 6.25% FIXED INTEREST FOR 5 YEARS, THEN ADJUSTABLE FOR 5 YEARS. |
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