*** ********* ***, ********, AL
13.50% return
LP:
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Property Description

Value Add Opportunity! 6 Unit building, not fully occupied. Needs updating. 2 Units w/1 Bed, 3 units w/2 Beds & 1 Unit w/3 beds. Roof is 15 yrs old.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms11
  • Total bathrooms6
  • Building size6 sq. ft.
  • Lot size0.3 acres
  • Year built1948
  • County******** County
  • Subdivision********** *********
  • ConstructionCBS
  • RoofShingle
  • Water source(unknown)
  • Water disposal(unknown)
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Asking price $150,000
  • Estimated rehab 1 $25,000
  • Total investment $175,000
  • Type Proforma
  • After repair value
  • Potential profit
  • Gross income (annually) $27,000
  • Operating expenses (annually) $3,376
  • Net income (annually) $23,624
  • Gross return 15.43%
  • Gross income (monthly) $2,250
  • Operating expenses (monthly) $281
  • Net income (monthly) $1,969
  • Net return 13.50%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / bath $350/month
  • Unit 2: 1 bed / bath $350/month
  • Unit 3: 2 bed / bath $375/month
  • Unit 4: 2 bed / bath $375/month
  • Unit 5: 2 bed / bath $375/month
  • Unit 5: 3 bed / bath $425/month
  • Total $2,250/month
  • Expenses
  • Water bill $50/month
  • Electric bill $17/month
  • Insurance $150/month
  • Property Taxes $64/month
  • Total $281/month

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