46 Multiunit Portfolio
*** ********* ***, ********, AL
35.01% return
LP:
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Property Description

Big Rental Returns! 46 Units! 8 Buildings on 4 Parcels w/50% Occupancy. Properties need some deferred maintenance.Separate Meters. Value Add Opportunity

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units46
  • Total bedrooms0
  • Total bathrooms0
  • Building size25872 sq. ft.
  • Lot size(unknown)
  • Year built1973-1977
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick, Frame
  • RoofSHINGLE , SHINGLE , SHINGLE
  • Water sourceCity
  • Water disposalSewer
  • Heating(unknown)
  • CoolingCentral air, WALL UNIT

Property Financial Summary

  • Asking price $399,000
  • Estimated rehab 1 $0
  • Total investment $399,000
  • Type Proforma
  • Gross income (annually) $151,200
  • Operating expenses (annually) $11,523
  • Net income (annually) $139,677
  • Gross return 37.89%
  • Gross income (monthly) $12,600
  • Operating expenses (monthly) $960
  • Net income (monthly) $11,640
  • Net return 35.01%

Property Income & Expenses

  • Income
  • Unit 1: bed / bath $300/month
  • Unit 1: bed / bath $200/month
  • Unit 1: bed / bath $300/month
  • Unit 1: bed / bath $250/month
  • Unit 10: bed / bath $300/month
  • Unit 10: bed / bath $300/month
  • Unit 11: bed / bath $300/month
  • Unit 11: bed / bath $300/month
  • Unit 12: bed / bath $300/month
  • Unit 12: bed / bath $300/month
  • Unit 13: bed / bath $300/month
  • Unit 13: bed / bath $300/month
  • Unit 14: bed / bath $300/month
  • Unit 14: bed / bath $300/month
  • Unit 15: bed / bath $300/month
  • Unit 15: bed / bath $300/month
  • Unit 16: bed / bath $300/month
  • Unit 17: bed / bath $300/month
  • Unit 18: bed / bath $300/month
  • Unit 2: bed / bath $300/month
  • Unit 2: bed / bath $200/month
  • Unit 2: bed / bath $300/month
  • Unit 2: bed / bath $250/month
  • Unit 3: bed / bath $300/month
  • Unit 3: bed / bath $200/month
  • Unit 3: bed / bath $300/month
  • Unit 3: bed / bath $250/month
  • Unit 4: bed / bath $300/month
  • Unit 4: bed / bath $200/month
  • Unit 4: bed / bath $300/month
  • Unit 4: bed / bath $250/month
  • Unit 5: bed / bath $300/month
  • Unit 5: bed / bath $200/month
  • Unit 5: bed / bath $300/month
  • Unit 5: bed / bath $250/month
  • Unit 6: bed / bath $200/month
  • Unit 6: bed / bath $300/month
  • Unit 6: bed / bath $250/month
  • Unit 7: bed / bath $200/month
  • Unit 7: bed / bath $300/month
  • Unit 7: bed / bath $250/month
  • Unit 8: bed / bath $200/month
  • Unit 8: bed / bath $300/month
  • Unit 8: bed / bath $250/month
  • Unit 9: bed / bath $300/month
  • Unit 9: bed / bath $300/month
  • Total $12,600/month
  • Expenses
  • Property Taxes $11/month
  • Property Taxes $30/month
  • Property Taxes $24/month
  • Property Taxes $28/month
  • Lawn care $200/month
  • Insurance $333/month
  • Maintenance reserve $333/month
  • Total $960/month

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