Estimated ARV: $1,800,000 – $1,820,000
Estimated Rehab: $20,000
Estimated Gross Profit: $180,000
Acquisition Cost: $1,600,000
*Acquisition Cost: Acquisition cost is the cost to purchase the deal (contract & respective property) excluding closing costs.
*Need funding? Ask us for a introduction to one of our lenders.
11 turnkey units in good conditon, fully rented and cash flowing. No parking. Tenants pay electric and hot water. Owner pays gas heat. Income : 2 - 1bed/1bath - $700/month . 6 - 2 beds/1bath - $1100 - $1300 . 3 - 3 beds/1bath - $1100 - $1300. Gross Income = $12,200 per month. $146,400 per year. Utilities are separated and there's one boiler for the entire building. No oil tank. Expenses: Taxes $19,841. Utilities- $6500. Insurance- $5,000. Total Expenses- $31,341. NOI- $115,059. Offering 2.5% to buyer rep.