Multi Family Apartment Building for Sale in Lake Worth. Asking price is $218,765. This property underwritten with current numbers provides an excellent investment opportunity. The deal provides a 14% return on your investment. There are 6 units in the complex. The property is  fully rented.


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The Gross income from rents is  $50,160. The Owner is retiring and very motivated to SELL. This deal is priced to sell fast. The roof is only 2 year old.  Half of the tenants have GUARANTEED RENT  paid by a Trust. This deal makes for a very solid investment in a good area of South Florida. The unit break down and rent roll is as follows:

 

Unit 1   1/1    $ 795

Unit 2   1/1    $695

Unit 3   Effic $650

Unit 4   1/1    $695

Unit 5  1/1     $695

Unit 6  Effic  $650

Total Income = $4,180 monthly 

Annual Income = $50,160

 

Expense:

Utilities $6,780

Tax        $7,247

Insurance $6,000

Total Expenses= $20,027

Net Operating Income = $30,133

$30,1337/218,765=14% CAP This is your return on investment after expenses.

 

Contact Me Today for more Details or visit www.SokolowRealEstate.com

 

Stephen B. Sokolow

President/Broker

Greystone Real Estate Group

305-600-6858

 

 
Posted by Stephen B. Sokolow on 12/07/2010 03:48 PM   Comments (0)   Real Estate Investing in the ActiveRain Channel  
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Stephen B. Sokolow

Hollywood, FL

More about me…

Greystone Real Estate Group

Address: 5599 South University Dr #205, Davie, Fl, 33328

Office Phone: (754) 816-7324

Cell Phone: (305) 600-6858

Email Me



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