21-UNIT - CHICAGO - 13%-CAP - $495,000

21-UNIT - CHICAGO - 13%-CAP - $495,000

 

 

Property Type: Multifamily

Status: Available

Address:

315-325 S. Kilpatrick Avenue
CHICAGO, IL  60411

Number of Acres: 0.3

Square feet: 13,000

Number of Units: 21

Number of Bedrooms: 25

Number of Bathrooms: 25

Sale or Lease: Sale

List Price: $495,000

CAP RATE  -   13%

 

GROSS RENT MULTIPLIER - 3.19

 

 

Offering Price: $495,000

 

Number of Units: 21

 

Price Per Unit: $23,571

Effective Gross Income: $131,835

Operating Expenses: $67,296

Real Estate Tax 2009: $16,986

NOI: $64,539

PROFORMA OPERATING STATEMENT

Unit # of Av. Rent Av.SF Monthly Annual
Type Units Month Total Total
2-Bedroom 4 $725 750 $2,900 $34,800
1-Bedroom 13 $619 600 $8,050 $96,600
Studio 4 $494 500 $1,975 $23,700
Total 21 $615 610 $12,925 $155,100
Monthly Annual
INCOME Total Total
Gross Rental Income $12,925 $155,100
15% Vacancy & Collecton ($1,939) ($23,265) (1)
Effective Gross Income $10,986 $131,835
EXPENSES
% of
Gross $/Unit Annual

Real Estate Taxes 10.95% $809 $16,986
Insurance 3.82% $282 $5,926
All Landlord Utilities 13.21% $976 $20,492
Decorating/Cleaning 3.38% $250 $5,250 (1)
Repairs/Maintenance 3.38% $250 $5,250 (1)
Janitorial 3.09% $25 $4,800 (1)
Advertising 0.97% $25 $1,500 (1)
Exterminating 0.32% $24 $500 (1)
Management 6.00% $314 $6,592 (1)
Total Expenses 45.14% $2,955 $67,296

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NET OPERATING INCOME: $64,539

 

 

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4-PLX- 17%-CAP-84K-75%-FUL-PHX-AZ, Phoenix, Arizona

Description:

I AM "REFERRING" THIS PROPERTY – ON BEHALF OF LISTING BROKER
__________________________________

SELLER-FINANCING – 10%-DOWN MINIMUM – 8% INTEREST ONLY FOR 1-5 YEARS __________________________________ 17%-CAP RATE __________________________________ 75% occupied __________________________________  4plex in Phoenix! Property has scenic mountain views from the North and is located near the North Mountain Preserve. The property has a comp. shingle roof that is in good condition and all units have swamp coolers. Each unit has vinyl and carpet flooring, standard cabinets and laminate countertops. __________________________________ Number of Acres: 0.25 __________________________________ Square feet: 2,650 __________________________________ Number of Units: 4 __________________________________ Number of Bedrooms: 7 __________________________________ Number of Bathrooms: 4 __________________________________ Sale or Lease: Sale __________________________________ List Price: $84,900 __________________________________ Directions: View Map __________________________________ Information: Public Remarks: __________________________________ Single level __________________________________ Cap Rate: 17.4 __________________________________ 75% occupied __________________________________ 4plex in Phoenix! Property has scenic mountain views from the North and is located near the North Mountain Preserve. __________________________________ The property has a comp. shingle roof that is in good condition and all units have swamp coolers. __________________________________ Each unit has vinyl and carpet flooring, standard cabinets and laminate countertops. __________________________________ Propety is in good condition overall. -———————————————————————————— Seller financing 10% down minimum 8% interest only for 1-5 years. __________________________________ Income & Expense __________________________________ Source of Fincl Data: Projected Proforma __________________________________ Adjusted Gross Inc: $19,080 __________________________________ Totl Mnth Rntal Inc: $1,590 __________________________________ Other Income: $0 __________________________________ Operating Exp: $6,537 __________________________________ Net Operating Income: $15,640 County, Tax and Financing __________________________________ County Code: Maricopa Legal Subdivision: __________________________________   Tax Year: 2009 __________________________________ Taxes: $1,097 __________________________________ Assessor Number: 158-27-063-B __________________________________ Lot Number: unk __________________________________ Census Tract: 104,502 __________________________________ Ownership: Fee Simple __________________________________ Range: 3E __________________________________ Section: 30 __________________________________ Township: 3N __________________________________ Lot Number: unk Total Owed: 0 __________________________________ Equity: $89,900 __________________________________ Monthly Payments: 0 __________________________________ Assessment Bal Yrs: 0 __________________________________ Assessment Balance: $0 __________________________________ Cap Rate: 17.4 __________________________________ Propety is in good condition overall. __________________________________ Seller financing 10% down minimum 8% interest only for 1-5 years. Income & Expense __________________________________ Source of Fincl Data: Projected Proforma __________________________________ Adjusted Gross Inc: $19,080 __________________________________ Totl Mnth Rntal Inc: $1,590 __________________________________ Other Income: $0 __________________________________ Operating Exp: $6,537 __________________________________ Net Operating Income: $15,640 __________________________________ County, Tax and Financing __________________________________ County Code: Maricopa Legal Subdivision: __________________________________ Tax Year: 2009 __________________________________ Taxes: $1,097 __________________________________ Assessor Number: 158-27-063-B __________________________________ Lot Number: unk __________________________________ Census Tract: 104,502 Ownership: Fee Simple __________________________________ Range: 3E __________________________________ Section: 30 __________________________________ Township: 3N __________________________________ Lot Number: unk __________________________________ Total Owed: 0 __________________________________ Equity: $89,900 __________________________________ Monthly Payments: 0 __________________________________ Assessment Bal Yrs: 0 __________________________________ Assessment Balance: $0 CAP RATE: 17.4%

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