Property Description:
FIGURES ARE ACCURATE PLUS OR MINUS 5% AS OF 7/19/2020
6 Unit Multi-Family for Sale - 100% Occupied – NO REPAIRS
$699 unit A 2 BR New Fridge
$699 unit B 2BR
$699 unit C 2BR
$699 unit D 2BR All above bottom floor
$649 Unit E 1 BR upstairs New Fridge
$799 Unit F 1 1/2 BR Upstairs New Fridge
$4244 Monthly
$50,928.00 Annual GROSS INCOME
$ 5940.00 Utilities 1 Bill from City Avg $495.00 per month Water/Sewage/Garbage/Municipal fees Tenant pays
electric There is no gas
$15,900.00 Property taxes Annual
$ 2,028.00 Annual Insurance State Farm (insure for $300,000.00
$ 5,092.80 10% (Avg's about 9%)
$ 7,639.20 15% Maintenance includes materials and labor (new roof in 2021) (Electric panels replaced 20)
$34,571.12 Gross Income
-21,000.00 Mortgage (17,500.00) Per Month *Note base on 30 yr mrtg @ 5.75%
$13,571.12 26.5% Before taxes
$ 5,028.40 40% State and Federal income
$8,543.00 Net Income after Taxes
nit Multi-Family for Sale - 100% Occupied – NO REPAIRS
$15,750 Interest Deduction of Income Taxes
$24,293 Total Net Income and Tax Deductions
NO REPAIRS NEEDED
LANDLORD PAYS $495.00 UTILIES PER MONTH TENTANTS PAY ALL OTHER UTILITIES