Bulk sale 40 units - all 1 BRs - all rented - all remodelled for rentability. Remodelled sold for 56k in last 90 days. 2 yrs ago sold for over 100,000 each unit 40 TOTAL UNITS Purchase Price: $1,330,000.00 price per unit $33,250.00 INCOME ANNUAL MONTH Rent $235,272.00 $19,606.00 EXPENSES Management Fee $23,527.20 $2,336.40 10% feeProp Taxes $51,000.00 $2,200.00 (1275)Assn Fees $52,320.00 $3,290.00 $109/unitWater $25,440.00 $494.00 $53/unit Total Expenses: $152,287.20 $8,320.40 POSITIVE CASH FLOW: $82,984.80 $6,915.40/mth
Clyde Morris South of Beville to West on Big Tree Road into Georgetown Lakes.
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