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(702) 505-9953 or (866) 702-5188
12 Unit Apartment Building   Purchase Price $415,000
Closing Date 2/27/2010
Sq Footage 8768
Bedrooms 2 (12 units)
Bathrooms 1
Floors 2
Parking Yes
Lot Size 12632
Earnest Money Deposit $10,000

DESCRIPTION

2317 Wengert is a 12 unit building being offered for $415,000.

All bedrooms are two bedroom/one bath units.

Each unit has 1 parking spot and there is plenty of street parking.

There is a management company in place & there is a recent new roof.

 

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PROPERTY FEATURES

  • Great Location
  • All 2 bedroom units
  • Property offered as is with light cosmetic work


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Frequently Asked Questions


Since this is a wholesale deal you will need to close by 2/27/2010.

The earnest money deposit paid to title with be $10,000.

Seller carrying note will require financials for buyer to approve for seller financing.

Our Contact Information:
Debbie Smith and Jason Jones
Phone: (702) 505-9953

properties@prosperre.com
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Loan Scenarios Purchase Price 415,000
Estimated Income and Expenses   Purchase Price $415,000
Gross Income 74,148
Vacancy (10%) 7414.8
Effective Gross Income 66733.2
Taxes 3,500
Insurance 6,000
Property Management 6,673
Utilities 0
Cap Rate 10.5%
Cash on Cash 19%

Wholesale property offered as is. Numbers are pro-forma. Currently 6 units are occupied. Distressed seller who bought the property at the top of the market and paid close to $1M.
 

see additional photos
Our Contact Information:
Debbie Smith and Jason Jones
Phone: (702) 505-9953

properties@prosperre.com
View our other projects


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Phone
E-mail
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