| Type: | Multifamily Mid/High-Rise |
| No. Units: | 40 |
| Building Size: | 22,340 SF |
| Lot Size: | 7,492 SF |
| Occupancy: | 100.00% |
| Price: | $2,400,000 |
| Price/Unit: | $60,000 |
| GRM: | 9.70 |
| Cap Rate: | 8.00% |
| Year Built: | 1927 |
Property Description:
Reduced for a quick sale.
Property remains in reap. Seller is taking all reasonable offers. The building is 100% occupied and in very good condition. The repair cost forces owner to sell at a reduced price.
No. Stories:4
| Financial Summary | Actual |
| Year: | 2008 |
| Scheduled Gross Income: | $269,796 |
| Effective Gross Income: | $264,400 |
| Operating Expenses: | $105,053 |
| Net Operating Income: | $159,347 |
| Pre-Tax Cash Flow: | $39,887 |
Unit Mix Information
| one bedroom |
| No. Units: 9 Avg. Mo. Rent: $769 |
| singles |
| No. Units: 31 Avg. Mo. Rent: $486 |
Debt & Equity Information
| Debt Type: | Existing |
| Loan Amount: | $1,560,000 |
| Interest Rate: | 5.75% |
| Amortized Over: | 30 |
| Due In: | 2 |
| Annual Debt Service: | $119,461 |
| Down Payment: | $1,040,000 |
| Loan Description: | |
| united california bank fixed for 3 yrs as of 2006 30 yr's amort | |
