| Remarks |
Here is a multi-residential property in excellent condition and in a great location with many amenities, including shopping, and Public Transportation. Always rented.
New balcony doors and windows. Fiberglass balconies. Hardwood floors. new stove and fridges. Kitchens and Bathrooms A1.
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|
| Financial Data (based on asking price) |
| Asking Price |
425,000 |
| Actual Gross Rent (Residential) |
32400 |
| Gross Rent (Commercial |
n/a |
| Garage |
n/a |
| Laundry |
n/a |
| Other |
n/a |
| Potential Gross Income (PGI) |
33840 |
| Vacancy and Bad Debt Allowance |
1,015 |
| Effective Gross Income (EGI) |
32,824 |
| Total Taxes |
2,400 |
| Total of Expenses |
360 |
| Net Operating Income (NOI) |
30,064 |
| Financial Ratios (based on asking price) |
| Gross Rent Multiplier |
12.56 |
| Net Rent Multiplier |
14.13 |
| Average Unit Price |
85,000 |
| Capitalization Rate |
7.07% |
| Debt Coverage Ratio |
1.23% |
|
| |
| Property Information |
| Year Built |
1964 |
| Construction Type |
concrete/wood/brick |
| Total Units (Residential) |
5 |
| Total Units (Commercial) |
n/a |
| Levels Above Ground |
2 |
| Zoning Type |
Multi-Residential |
| Building Area |
1,972 s.f. |
| Lot Area |
n/a |
| Systems |
| Heating System |
Electric |
| Heating Type |
Electric base boards |
| Heating Paid by: |
4 Tenant, 1 Landlord |
| Hot Water Tank |
5 |
| Hot water paid by: |
Tenant |
| Unit Types |
| Studio 1.5 |
n/a |
| Alcove 2.5 |
n/a |
| 1 Bedroom |
5 |
| 2 Bedroom |
n/a |
| 3 Bedroom |
n/a |
| 4 Bedroom + |
n/a |
| Property Features |
| Indoor Parking |
n/a |
| Outdoor Parking |
n/a |
| Elevators |
n/a |
| Common Washers |
n/a |
| Common Dryers |
n/a | |