$ 575,000.00

Description

🚨 28 Unit Apartment Building 🚨
♦️Price: $575,000.00 Cash on cash return rate: 12%
♦️Owner Financing: $150,000 Down with a 5-year Balloon.
♦️Rehab: Recently Renovated with Fireplaces
♦️Current Rent: $12,100/month ($550/Unit)
♦️Vacant Units: 6 – 3 moving in on 10/1 (adding $1,650 in October)
♦️Insurance: $2,230.00/Year
♦️Garbage: $6,360/Yr
♦️Gas: $12,000/Yr
♦️Electricity: $12,000/Yr (separately metered and can be a tenant responsibility)
♦️Water: $24,112/Yr
♦️Lawncare/Snow Removal: $4,320/Yr
♦️Management: $13,200/Yr (8%)
♦️Taxes: $10,090/Yr 2019
♦️Our average maintenance: $11,200/Yr
♦️CASHFLOW: $69,488/Year OR $5,790/month
Address: 3202 Western Rd Flint Michigan 48506

This style property is located in is currently and has been listed on Turnkey Real Estate Investing. This property is listed at $ 575,000.00. It has bedrooms, bathrooms, and is . The property was built in year.