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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

Queen Anne Page 3

 

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