This 8 plex is located in Dallas Fort worth area. It has 7 of the 8 rented and the 8th is being solicited for a renter. The owner does have to pay utilities. This of coarse is a tax benefit. Mix of efficiency, 1 and 2 bdrm apartments. All appliances included, small parking lot in rear. Most units have been updated. Close to Hospital District, and high-traffic area!
This 8 plex is located in Dallas Fort worth area. It has 7 of the 8 rented and the 8th is being solicited for a renter. The owner does have to pay utilities. This of coarse is a tax benefit. Mix of efficiency, 1 and 2 bdrm apartments. All appliances included, small parking lot in rear. Most units have been updated. Close to Hospital District, and high-traffic area!
No. Units: 8
Building Size: 4,902 SF
Lot Size: 7,100 SF
Price: $200,000
Price/Unit: $25,875.00
Cap Rate: 10.58%
Year Built: 1926
Financialsummary
Year: 2006
Scheduled Gross Income: $44,676
Vacancy Loss 10%:$4,676
Sec Dep:$1,025
$41,025
Maintenance: $5,100
Taxes: $2,811
Insurance: $2,398
Utilities: $6,913
Total Expenses:$17,222
Mortgage: $14,968.8
Net Operating Income: $8,834.2
Monthly payment: 1,247.40
Monthly Income : $736.17
NOTE: Mortgage payment based off of 8% interest rate amoritized over 30 years with 15% down payment.
Call (951) 509-5988 for more information
General
Illinois
