Executive Summary
Discounted Investment Opportunity
Duplex in Tower Village Community
7314 SW 42nd Place
Gainesville, FL 32608
Offered by:
Murphy Rivenbark
Select Real Investments, LLC
(352) 371-8301
Table of Contents
Page
Contents
Table of Contents........................................................................................................................... 1
Investment Opportunity.................................................................................................................. 2
Property Description & Performance............................................................................................... 3
Confidentiality................................................................................................................................. 4
Disclaimer........................................................................................................................................ 4
Contact Information........................................................................................................................ 4
Investment Opportunity
Purchase Price: $129,900 Price Per Unit: $64,950 Building Class: B
Location Class: B
Investment Benefits
Apprised Market Value $150,000!
Management in place
Stable Property in hot rental area
No repairs needed
Priced to MOVE
Great Community
Fully occupied
Both units are 2 bedroom / 2 bath
Opportunity to raise rents
Ideal for the part-time investor
Perfect multifamily deal for your IRA
Even more possible value plays!
Opportunity: Excellent opportunity for an investor to get on board with a stable property in a nationally strong submarket, which offers a high cap rate, and remaining upside potential with through rent increases.
Status: Under contract by Select Real Investments, LLC. New Buyer will be assigned the contract to close.
Property Highlights:
lStable investment property that was renovated and insurance rated new in 2010
lElectrical, plumbing (including underground piping), flooring, carpet, fixtures, carpet and hardi-panel exterior all during rehabilitation
lStable occupancy with opportunity for rent increases and further value creation
lGreat mix, individually metered residents pay for electricity
lStrong management infrastructure that comes with new owner
lPerimeter fenced backyard
lEasy access to I-75 Two Block Off TL Then 1mileTL on 42 Place
lOne Half Mile to Shopping Center
lFive Minutes from K-Mart and Wal-mart distribution center
Property Description & Performance
Unit Mix & Income:
| Type | # of Units | Market Rent |
| 2 BDR/2 BA | 2 | $650 |
Actual rents are provided in the Rent Roll.
Number of Units: 2
Style: One-story, ranch type
Electric: Individually metered
Construction: Brick, concrete driveway
Current Occupancy: 100%
HVAC: Central heat/AC
Roof: Pitched composition
Building Square Footage: 1,886
Land Area: .25 acres
Built: 1980, renovated 2010
Amenities: On-site laundry, Up front parking, New awnings, Downtown shopping one
half mile, Shaded back yard
Unit Amenities: Central Air/ A.C. through the wall, Dishwasher, Covered entries
County: Alachua
Income Pro-Forma
Yearly Potential Income $15,600
Less Vacancy (10%) (1,560)
Less Expenses (24%) (3,744)
Net Operating Income $10,296
This Property is offered for sale to qualified Buyers.
Verification of deposit is required with all offers.
Confidentiality
It is acknowledged by reader that information furnished in this Executive Summary is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious damage; therefore, reader agrees not to disclose it without the express written permission of Select Real Investments, LLC.
Disclaimer
Select Real Investments, LLC has prepared this Executive Summary, which contains brief, selected information pertaining to the business and affairs of the property. The information contained herein does not purport to be all inclusive nor does it purport to contain all of the information representative of the property. Select Real Investments, LLC nor any of its respective partners, officers, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein or otherwise expressed and conveyed and no legal liability is assumed or shall be implied with respect hereto.
Such information and statements have in many circumstances been obtained from outside sources, have not been tested or verified and may be subject to errors or omissions. Projections, especially, are based on various assumptions and subjective determinations as to which no guaranty or assurance is given.
Potential investors are recommended and urged to perform their own examination and investigation and not to rely on the information contained within this document or other materials otherwise provided.
Contact Information
Please contact me at the phone number or email address listed below if you are an interested party, or if you require further information.
Murphy Rivenbark
Select Real Investments, LLC
(352) 371-8301
Table of Contents
Investment Opportunity
Property Description & Performance
Confidentiality