Investors Wanted for Wisconsin Multifamily Deal

[JP Lujan]

We have our first deal under contract. Looking for experienced investors who are interested!

• 8-unit multifamily property in a highly desirable location in Western Wisconsin near schools and hospitals
  • 6 off-street parking spots
  • On the bus route
  • Onsite coin washer and dryer
  • Pets allowed for additional monthly fees (hard to find in this area)
  • All units remodeled since 2010
    • Exposed brick and lots of natural light in majority of apartments
    • Over $40,000 in exterior improvements and masonry work done in 2016
  • 0% vacancy the past 3 years
  • 1 x 2 bedroom, 5 x 3 bedrooms, 2 x 4 bedrooms
• Rental Income: $8440.00 per month = $101,280 annual gross operating income
• Yearly Estimated Expenses Breakdown (2017)
  • Vacancies: 5% or $5064 per year
  • Taxes: $13,765.97 per year
  • Maintenance: $6300 per year
  • Lawn/Snow: $500 per year
  • Garbage: $1850 per year
  • Water/Sewer: $2128 per year
  • Insurance: $3109 per year
  • Utilities: $2841 per year
  • Total: $35,557.97 annual expenses or $2963.16 per month
• Net Operating Income: $101,280 - $35,557.97 = $65,722.03 annual or $5476.84 per month

Looking for a private investor to partner up with 20% of the purchase price.

Contact us for more details and terms.