10-UNIT - $440,000 - 100%-OCCUP. - $5,000/MTH. INCOME - DESERT HOT SPRINGS (BY PALM SPRINGS)

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GREAT INVESTMENT - "CASHFLOWING" PROPERTY

 

Pete Newcome
707-799-5299/cell
San Rafael, CA

CA - DRE# - 01281179 

http://wholesalepropsbypete.com 

 

10-UNIT - $440,000 - 100%-OCCUP. - $5,000/MTH. INCOME DESERT HOT SPRINGS (BY PALM SPRINGS)

 

DESCRIPTION

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Located in great area of Desert Hot Springs. 10 units (*8 studio and 2-1bedroom apts.)  Pool Gates and secure complex Separate electric meters  THIS PROPERTY IS PERFECT FOR AN ASSISTED LIVING CENTER  Apartments sit on 2 of 3 lots...extra buildable lot with all utilities included in sale.  Owner has a 1st which is currently 3.2% assumable.  Owners payments are currently $1700.mo Taxes $6000yr Monthly rent roll $5000. They are 100% occupied !!! $$$ THIS PROPERTY HAS POSITIVE CASH FLOW!!! 35k down and owner will carry a 2nd! This property is a steal.  Owner is selling because he work's in LA Owner is in Palm Springs on weekends and would be happy to show them.

PROPERTY FEATURES Apartments sit on 2 of 3 lots...extra buildable lot with all utilities included in sale.

 

LOCATION FEATURES Desert Hot Springs, part of the Palm Springs Desert Resorts, is located 112 miles from Los Angeles

 

 

 

 

OTHER SPECIAL FEATURES With warm, sunny, clear and dry days. There are more than 330 days of sunshine per year.

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SFR - ARLINGTON ESTATES - PHOENIX-AZ - $110,000- MOVE-IN READY!

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GREAT INVESTMENT - "CASHFLOWING" PROPERTY

Pete Newcome
707-799-5299/cell
San Rafael, CA

CA - DRE# - 01281179 

http://wholesalepropsbypete.com 

 

 

 

SFR - ARLINGTON ESTATES - PHOENIX-AZ - $110,000- "MOVE-IN READY!"

 

MLS#                            4557382           Sales Price:                  $110,000 # of Units:                     1 Single Family Home            Description:  NOT A SHORT SALE OR REO - can close QUICKLY.   Newer home New carpets Fresh paint MOVE IN READY. This property will bring in total rents of $13,200, less $660 vacancy, so $12,540 per year. Then after total expenses of $4,211, the amount the investor would pocket is $8,329 per year, based on pro forma.     This is a 7.57% return on investment based on a cash purchase.

 

 

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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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Clark_Park_Apts_4_page_Flyer_lowres.pdf (613 KB)

NET OPERATING INCOME: $64,539

 

 

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