Description
Property consists of 64 concrete block garden apartment.No deferred maintenance with roof, windows, electric a/c and plumbing repaired in last four years.Recent tropical storm put property to the test with more than 20" rain and NO DAMAGE. All 64 apartments are 2 beds 1 bathroom all individually metered for water and electric and own a/c units great for future conversion and landlord costs. No section 8 tenants. 6 apartment buildings 2 vacant lots for apartment expansions. convey. 3 vacant Lots for Proposed GAS station and 17,00sq retail space can be purchased additionally. $2M loan amortized over 30years assumable to qualified principle, Email for Pro-forma and e-Flyer rent and sales comparsions. OWNER MOTIVATED |
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Year built: 1965
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# of parking spaces: 75
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Net Operating Income: $385,000
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Gross Operating Income: $482,000
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Fair market value: $3,200,000
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MLS #: -
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Sale Status: Expired
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Price: $2,777,777
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Capitalization Rate: 0.14%
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Occupancy Rate: 85%
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Operating Expenses: $101,000
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Number of units: 64
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Office email address: gailinusa@cfl.rr.com
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Phone number: 3,215,014,067.00
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Fax: 1 888 446 0441
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