All Forum Posts by: Pamelyn Baim

If you open the link I posted for the listing, there are two letter icons above the photo. Click on "D" for the documents. The Proforma is the one to see the annual income and expenses. This is the paperwork that a bank would want to see. Expenses are the usual costs but also include funding your retirement account, paying for employee help, common utility costs, costs to replace depreciated and worn out furnishings, etc. 

The price divides out to $46,660/unit! Tenants pay their own utilities. You may not use all of the expenses, which would save you more money. Live in a unit and have the rest of them pay for it! What else can I say? I hope you take the time to review this unique property and seize the opportunity! 

Here is a link to the listing report to view the pictures and documents associated with the property.

Please let me know if you have any more questions. -Pamelyn

http://cireb.paragonrels.com/publink/default.aspx?...

Yes, it is! I'll email you the information when I get your email address! Thanks. Pamelyn

Hi Jose, I can provide more information to you. I didn't see a way to add more than four units in here so I put in the overview of the flats according to the bedrooms that are in the buildings.  Thanks for your interest. -Pamelyn

Hi Curtis, I'd be happy to send you the information sheet that I have. There are two documents I can provide to give you the data you will need. One is a chart to show when items were replaced in the units and buildings and also shows the rent for each apartment. The other is the Pro Forma to show gross income and a thorough list of expenses that are connected to the buildings. If there are ways for you to cut costs and make more money, then you will do even better with the net income! Thanks for your interest! -Pamelyn

Three buildings on 2 deeded lots make up this income producing property with 15 units, 13 of which are rented, 3 garage bays, 1 carport, and on premises coin op laundry facility. Check out the link for photos and helpful information in the attached document. I can answer your questions and provide a full income/expense sheet for cost analysis. Call, text, or email me for assistance or if you are interested in making an appointment to see the property. 

Gross operating income: $142.000; Expenses: $76,000; Net positive cash flow: $66,000

Pamelyn Baim, NY Lic. Real Estate Salesperson. 518-707-6746

8-16 Swan St, Schenectady