23 Unit Multi Family Development $850,000 Financed for you.
Would you please contact us concerning ("HIPCO") Hamilton Investment Properties Community Housing Development Organization. We have been trying to partner with you and other investors interested in ownership of one or more of our proposed national network of affordable supportive housing facilities.
Contact Alex Hamilton by e-mail through [email protected] or phone: (225)238-3923. You may also visit www.hamiltoninvestmentschdo.com to message us. A Meeting of "Baton Rouge Buying Investment Properties" Capital Partners and potential partners available through MeetUp.com is every 3rd Tuesday through Tele-Conferencing.
Only requirement is a credit score around 740, and we will Meticulously build or convert an existing property to be managed by ("HIPCO") Hamilton Investment Properties Community Housing Development Organization. We have numerous other prospective owners interested in facilities we propose to be developed as follows:
Annual Rents Currently Proposed $183,992.00 multi family (23 units averaging $600 to $750 per month) housing
Annual Expenses
Taxes$ 18,000.00
Insurance$ 9,099.00
Maintenance (10%)$ 16,399.20
Management (8%)$ 13,119.36
Vacancy (5%)$ 8,199.60
Total Expenses$ 64,817.16
Your Net Income$ 119,174.84 less Development Cost of $850,000 1st year, clear Net thereafter @ 12% ROI.