INVESTMENT PORTFOLIO

Transcription

1 INVESTMENT PORTFOLIO FOR SALE $1,700,000 Sale Price - $2,200,000 Lease Price - $10.00/SF NNN 100% OCCUPIED 430 W. Calumet St. 440 W. Calumet St. (8) 1 Bedroom Units (6) 2 Bedroom Units (8) 2 Bedroom Units 450 W. Calumet St. 435 W. Foster St. Single Family Home (6) 2 Bedroom Units M U L T I - F A M I LY I N V E S T M E N T O P P O R T U N I T Y

2 MULTI FAMILY INVESTMENT OPPORTUNITY 4 3 0, & W. C A L U M E T S T. A N D W. F O S T E R S T. - A P P L E T O N 28-Unit multi-family complex consisting of 3 buildings located along W. Calumet St. in Appleton, WI. Strong location with a traffic count of 10,800 vehicles per day (WI Dept of Transportation), near a bus stop, Pick N Save, fast food and convenience stores. This opportunity is currently 100% occupied and has a very strong rental history. Current ownership has had little to no vacancy. The buildings are brick with updated windows, appliances and air conditioners. Roofs on 440 and 450 buildings were replaced last year along with many other updates. The 2 bedroom, 2 bathroom, single family home was recently updated with new windows, siding, soffit, gutters, cabinet doors, refinished hardwood floors as well as a new range, refrigerator and dishwasher. This home is in excellent condition and is currently rented on a 5-year term with annual rent increases. C A L L F O R C O M P L E T E F I N A N C I A L D E T A I L S I N C L U D E S 2 B E D R O O M S I N G L E F A M I LY H O M E

3 FINANCIALS SUMMARY FINANCIALS Total Monthly Rent Current Annual Rent Per Building 2019 Projection Annual Rent Per Building 430 W. Calumet St. (8) 1-Bedroom Units $4,400 $52,800 $55,200 (8) 2-Bedroom Units $5,225 $62,700 $64, W. Calumet St. (6) 2-Bedroom Units $3,925 $47,100 $48, W. Calumet St. (6) 2-Bedroom Units $3,900 $46,800 $48, W. Foster St. Single Family Home $700 $8,400 $8,625 Gross Income $18,150 $217,800 $225,825 Less Vacancy/Rent Loss -(3%) ($6,534) ($6,775) Laundry Income (Est. Approx. $100/Week) $5,200 $5,200 Pet Income (current) $1,740 $1,740 EFFECTIVE GROSS INCOME $218,206 $225,990 EXPENSES Actuals Annualized Projected Insurance $4,708 $4,708 Taxes $23,056 $23,056 Gas & Electric Utilities $17,784 $17,784 Sewer and Water $13,268 $13,268 Repairs and Maintenance $10,895 $11,285 Management Fee (5%) $10,895 $11,285 Garbage/Recycleable $4,025 $4,025 Lawn Maintenance/Snow Removal $1,200 $1,200 Pest Control $780 $780 Janitorial Service/Light Maintenance $1,800 $1,800 Other/Misc. $500 $500 Annual Expenses $88,911 $89,691 NET OPERATING INCOME $129,295 $136,299

4 AERIAL LOCATION MAP RIVERVIEW COUNTRY CLUB DOMINOS PIZZA ST. ELIZABETH HOSPITAL MI CASA MEXICAN GRILL ASIAN TASTE REID GOLF COURSE KWIK TRIP DAIRY QUEEN GEORGES STEAK HOUSE THE RED OX MEMORIAL FLORISTS PICK N SAVE Conveniently located on bus line and within walking distance to shopping, restaurants, golf courses and hospital makes this a highly desirable property. 100% Occupancy!

5 TAX PARCELS MULTI-FAMILY INVESTMENT OPPORTUNITY PARCEL ID # W. Foster St. City of Appleton Outagamie County PARCEL ID # W. Calumet St. Village of Fox Crossing Winnebago County 435 W. Foster St. Village of Fox Crossing Winnebago County PARCEL ID # , 450 W. Calumet St. Village of Fox Crossing Winnebago County BOMIER PROPERTIES, INC.

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