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RE/MAX Horizons Realty Premiere Investment Team Features:

Queen Anne Apartments!

Portfolio Sale Of Three Complexes In Northwest FL And South AL!!!


	Highlights
	Recent Appraisal for $1,800,000! Occupancy is incredible! Located in the seat of Baldwin County!

Financial Summary

Item	Actual

Scheduled Gross Income	$312,414.00
Vacancy	$15,621.00
Effective Gross Income	$301,372.00

Operating Expense	$0.00
Expense/Unit	$1,971.00
Maintenance	$30,137.00
Taxes	$10,828.00
Insurance	$9,872.00
Other Expenses	$83,223.00
Total Expenses	$134,060.00

Net Operating Income	$167,312.00
Debt Service	$108,968.00
Other Capital Costs	$0.00
Pre Tax Cash Flow	$58,344.00

Currency: USD

Financing

Type	Amount	Rate	Term	Due	Annual Debt Service

Proposed	$1,460,000	5.85%	25 yr	7 yr	$111,281

Unit Mix Information

Description	No. Units	Avg. SF	Avg. Mo. Rent	Avg. Mo. Rent/SF

two bed one and a half bath	44	1024	$ 420.00	$ 0.41
one bed one bath	24	687	$ 340.00	$ 0.47

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Copyright © 2002 Horizons Realty, INC.
Last modified: 02/04/2003