6 UNIT MULTI FAMILY WITH A CAP RATE OF 15% (Had 2 puts as 4 unit)

[Quintin Grant]

Unit 5 Details

Occupied 

Rent: $450

Bed: 1 Bath: 1

Unit 6 Details

Occupied 

Rent: $425

Bed: 1 Bath: 1

*Unit 1 rent is really $525 but gets a $50 rebate for snow removal and lawn care.

*Unit 4 rent is to be increased $50 in February 

*Unit 5 rent is to be increased $50 in May

Numbers:

Total income $33,600/annually 

Expenses 

Taxes $2,556.55/annually 

Insurance $1,700/annually

Village of Wellington Building  $3,322.40/annually 

Gas for all units $1,006.61/annually 

Misc $1,014.64/annually 

Net income $23,999.80

If you would like more info or photos drop your email below or email me at [email protected]