The Commercial Real Estate Alpha Site

Property Information

* Updated Vanities & Bathrooms
* Newer Roof
* Central A/C installed 2008
* Updated Plumbing
* Hardwood Flooring in Bedrooms of Highly Desired End Units
* Newer Water Heaters in all units
* Newer Washer & Dryers in 3 of 4 units
* Rents range from $595 to $625 with increases annually
* Many Capital Improvements performed in 2007 & 2008 holding down overall performance
(i.e. – Central A/C Unit purchases and installation, Washer & Dryer upgrades, Bathroom Remodeling)

Building

Tenancy:Multiple Units
Occupancy %:100
Units:4
Building SQFT:3,460
Year Built:1958
Floors:2

Land & Lot

Lot Size:11,900 SQFT
Parking Spaces:4 Garage spaces & 5 parking lot spaces

Location

Location Description: Fairlawn
Cross Streets: Morewood

Interior

Cooling Type:Separate Central A/C
Lighting Type:High Efficiency
Heating Type:Separate Furnace

Financial

Cash Flow
Type:Estimated Pro-Forma
Year:2009
Effective Gross:$30,000
Operating Expenses:$12,500
Net Operating Income:$17,500

Additional Information

Land Contract Possible
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Agent Owned
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