AMAZING INVESTMENT OPPORTUNITY--4 UNIT HOUSE , LARGE BACK YARD, PARKING ..
CAN BE A SINGLE FAMILY HOUSE OR AS 4 SEPARATE APARTMENTS. NEED WORK -- FIXER UPPER. . .RETURN AFTER FIXING IS AMAZING:
DESCRIPTION: 4 FAMILY HOUSE. 4 SEPARTE APARTMENTS IN ONE BUILDING . Residential building . 4 APARTMENTS -- 2 Two bed room and 2 One bed room apartments , Each units has their own individual heating systems and thus each tenant pays own utilities, No heating expenses are incurred by owner. We are in process of renovation , all units has windows , and some new floors, walls, electrical, plumbing, bathroom, appliances, cabinetry Kitchen, etc . NEED TO COMPLETE RENOVATION.
Return on Investment is 34% to 37%
INCOME: $29,800 a year
EXPENSES: Real Estate Taxes: $1200
Insurance: $1100
Net Operating Income: $27,200
Income: Rent Roll Projected Yr 1 Projected Yr 2
Apt 1: 550 572 595
Apt 2: 650 676 703*
Apt 3: 550 572 595
Apt 4: 650 676 703*
Total Income
Monthly : $2400 $2496 $2596
Total Annual
Income: $28,800 $29,952 $31,152
Projections for future years are based on 4% increase.
Capitalization Rate*: 28%
Return on Investment: 36.6%
Immediate investment needed to complete the 4 apartments and get the whole building ready for move in. rents are guaranteed by housing authority of west Moreland county they have waiting list of tenants waiting to move in
Email for details..
- Location: Pennsylvania
- it's NOT ok to contact this poster with services or other commercial interests
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