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