4113 & 4111 Shirley Ave

http://www.tourfactory.com/s704267/r_www.blinkx.com Bring your clients to see this 4 unit income property. Needs some cosmetic fixing some paint & carpeting but will be a great income property. Main single detached home has 3 bdrms, 2 baths, granite counter in kitchen, wood floors in living area/carpet in bedrooms. In the other 3 units they have 2 bdrms, 1 bath, granite counters in all units, tile floors & carpets. Make this a must see for you clients. Buyer to pay a $75.00 doc fee at closing. Offers/Contracts are not binding until the entire agreement is signed (Ratified) by all parties. Property currently vacant but gross scheduled income prior to eviction of tenants was $ 58,560.00. At 5% vacancy and 30% operating expense GRM would be only 9.19 and CAP rate would be 7.238%. These numbers should be attractive to most investors. Consider financial data as proforma because it is based on prior lease arrangements but property is now vacant.

Submission | February 17, 2011

Tags:. .ratified. .bdrms. .tenants. .detached. .vacant