Network,Find Opportunities,Find Funding, Promote Events and Services
.. $ 1,600,000.00 Negotiable
110 Unit High Rise Apartment Built 1965 ..will need some work... is being remodeled
Current Occupancy 70%
10,000 Sq. Ft. of Commercial Space + 600 sq. ft. Rental office – He is checking on the zoning to see what all it will allow. There was a restaurant, CPA firm, and child care. It is currently vacant, the price is based only on the apartments, the building is thrown in.
110 car - 2 story parking garage
Roof top pool
Unit Mix 86 - 1 bed / 1 bath approx. 600 sq. ft. 24 - efficiency approx. 575 sq. ft.
Efficiency rents $ 425.00 1 bed rents $ 475.00
Income and Expenses: 100% documentation will be provided upon presentation of LOI.
$ 55,000.00 Gross Income / month (Does not include 10,000 sq.ft. commercial space )
$ 500.00 per month laundry income (coin laundry equipment is not owned by seller)
$ 3000.00 Avg. water / month
$ 2000.00 Avg. electric / month
$ 500.00 elevator maintenance contract / month
$ 1100.00 Insurance per month (Farmers Ins.)
$ 500.00 Trash collection per month
$ 2100.00 Taxes per month
ADDITIONAL TRANSACTION NOTES OF INTEREST: