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Updated about 15 years ago on . Most recent reply

User Stats

52
Posts
0
Votes
Frank Gossman
  • Real Estate Investor
  • Bradenton, FL
0
Votes |
52
Posts

please anylize 84 units

Frank Gossman
  • Real Estate Investor
  • Bradenton, FL
Posted

Goodmorning Everyone: Ineed some of your great advice!!
units 84
pr/pr/unit $ 58,333
rentable S F $ 66,054
Pr/sq/ft $ 74.18
reroof 03
paint 07
a/c repl 90%
act/income 2009 $679,173 2008 $685,500 2007 $ 410,000
vacancy rate of 5%
act/exp. $ 283,497 this is total of all exp.
NOI= $395,716
Assum Mort=$ 3,400,000
rate=5.9
amortorized= 30yrs
yrs/remaining= 8.5
renewable
40 units=$ 629.00= 1/b 1ba
24 units= $830.00= 2b/2ba
15 units= $925.00= 2b/2ba
5 units= $1100.00= 2b/2ba

my thoughts assume $ 3,400,000 give seller $ !70,000
thats 5% of sale price. ( IF I CAN )
Sorry this is sooo long but your thoughts would be greatly appreciated. This prop. is 2 story all brick, loc:scale 1-10 ( 7 )
this is in fl. 11 mil from the beach.

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