TURNKEY 3 UNIT SFR DETACHED!! GREAT OPPORTUNITY!! SELF CONTAINED
Great opportunity to own this 3-unit self contained apartment building located on a major bus route in a residential community. This is an awesome opportunity for an investor or a first time home buyer! Live in one unit and rent the rest! COMPLETELY RENOVATED. Home is in need of central air. (2) 3/1 Apts. & 2/1 Apartment(RENTED) Shared laundry, forced heat, kitchen w/frig, range/oven. Asking $210k, Cap Rate 14%+, Repair cost est. $3k for Central Air. Provide POF to receive lockbox and Property Summary w/additional photos and EMD $5k at time of contract. CASH ONLY!! Must be able to close within 7 business days. Continued success to you. See you at the closing table.
| PROJECTED RESULTS | |
|---|---|
| Projected Monthly Rent (net of vacancy) | 3,277.50 |
| Projected Monthly Expenses | 467.75 |
| Projected Monthly Net Operating Income | 2,809.75 |
| Cap Rate Based on Cost Basis | 14.9% |
| Cap Rate Based on ARV | 14.7% |
| Assumed Time to Complete Rehab: | 0 Months |
| Assumed Time to Lease Up | 2 Months |
| Total Time between Acquisition and Lease-up: | 2 Months |
| Assuming 7% Interest Rate, Interest-Only |
Property Details for 4200 STANWOOD Avenue
Interior Features-
Bathroom Information
- Main Floor Baths (Full): 1
- 1st Upper Floor Baths (Full): 1
- 2nd Upper Floor Baths (Full): 1
- Bedroom Information
- 1st Upper Floor Beds: 3
- 2nd Upper Floor Beds: 2
- Main Floor Beds: 3
- Dining & Kitchen
- Table Space in Kitchen
- Basement Information
- Has Basement
- Unfinished
- Outside Entrance
Parking / Garage, Utilities, Financing, Location Details
-
Parking & Garage
- Street Parking
- Utility Information
- Heating: Programmable Thermostat
- Fuel: Natural Gas Heating
- Finances & Fees
- Tax Year: 2012
- Total Taxes: $4,226.88
- Total Taxes Frequency: Annually
- City Tax: $4,027.97
- City Tax Frequency: Annually
- County Tax: $198.91
- County Tax Frequency: Annually
- Possession: Settlement, Immediate
- Location Information
- Directions: BELAIR ROAD TO LEFT ONTO STANWOOD AVENUE (JUST BELOW MORAVIA ROAD). HOME IS ON THE LEFT
Exterior Features
-
Water & Sewer
- Public Sewer
- Public Water
- Hot Water: Natural Gas
- Building Information
- Vinyl Siding
Property / Lot Details
-
Property Information
- Condition: As-Is condition, Building Winterized, Fixer Upper
- Ownership: Fee Simple
- Block or Square: 5936A
- Election District: 26
- Zoning: 0R040
- Lot Information
- Lot #: 056
- Section: 41
- Acres (Lot Area): 0.077135
Misc. Information, Documents & Disclosures
-
Assessment Information
- Year: 2013
- Total Assessment: $167,800.00
- Total Assessment Frequency: Annually
- Land Assessment: $30,200.00
- Land Assessment Frequency: Annually
- Improvement Assessment: $137,600.00
- Improvement Assessment Frequency: Annually
- Documents & Disclosures
- Property Disclaimer
Public Records for 4200 STANWOOD Avenue
Taxable Value
| Land | $30,200 |
| Additions | $137,600 |
| Total | $167,800 |
Basic Info
| Beds | — |
| Baths | 3 |
| Floors | 3 |
| Year Built | 1920 |
| Year Renovated | — |
| Style | Single Family Residential |
| Finished Sq. Ft. | 2,928 |
| Unfinished Sq. Ft. | 600 |
| Total Sq. Ft. | 3,528 |
| Lot Size | 3,360 |
APN5936A056
County Data RefreshedJul 22, 2016