Description:

Investment Property:  3 story building containing 8 studios.  Each with private bath and kitchenette.   Great location.  Huge backyard can accomodate 8+ cars.

New Windows.  Fully rented 

        

   Recent State 5 year inspection for Green Card.

                      Good  until Jan. 2015

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For year 2010

Income :   Annually $72,540

6 studios @ $780 monthly; 1 studio @715 monthly;1 studio@ $650 monthly 

CAP RATE   12

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Expenses: Annually  $20,242 

Monthly        Taxes:  $ 657; Gas: 234; Water $235; Ins. $234; Electric $280; Emergency fund $300

 

Anticipated net Income:  $52,068

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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