Status

ACTIVE

MLS#

409246

List Price

$1,550,000

Style

57-10+ Units

Size

13,804

Lot Size (sq ft)

26,875

Property Description

Attention Investors! Now is the time to be making your money work for you! With The increase in rental occupancy rates due to the housing market, This is a smart investment. This property is cash flowing and is operating at a 100% occupancy rate. The grounds have been meticulously maintained and cared for. This property is ideally located near storage facilities, shopping and recreation. The intuitive design for each unit layout, is smart and efficient. Don't let this opportunity pass you by!!

Property Details

Community

Auburn

Property Type

Multi-Family

# of Units

16

Stories

2

Unit 1 Information

Unit 1 Beds

2

Unit 1 Baths

2.00

Unit 1 Size

970

Unit 2 Information

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

674

Unit 3 Information

Unit 3 Beds

2

Unit 3 Baths

1.00

Unit 3 Size

834

Unit 4 Information

Unit 4 Beds

2

Unit 4 Baths

2.00

Unit 4 Size

970

Financial Information

Net Operating Income

$77,680

Gross Adjusted Income

$137,760

Gross Scheduled Income

$137,760

Total Monthly Income

$11,480

Insurance Expense

$6,030

W/S/G Expenses

$4,107

Total Expenses

$60,080

Gross Rent Multiplier

8

Vacancy Rate

5

Cap Rate

5.10

Additional Information

Year Built

1989

Total Parking

24

Uncovered Parking

24

Exterior

Metal/Vinyl

Roof

Composition

Site Features

Cable TV, Deck, Disabled Access, Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System

Lot Details

Corner Lot

Annual Taxes

$19,063

Tax Year

2011

School District

Auburn

Elementary School

Buyer To Verify

Middle School

Buyer To Verify

High School

Buyer To Verify

Potential Terms

Cash Out, Conventional, Owner Financing