CRYSTAL TERRACE APARTMENTS

Transcription

1 Great American Realty-Tamp Frank Leto - (813) Multifamily Property For Sale 740 NE 5th Ave, Crystal River, FL Price: $760,000 No. Units: 19 Building Size: 20,648 SF Price/Unit: $40,000 Property Type: Multifamily Find Out tv1ore... Property Sub-type: Garden/Low-Rise Property Use Type: Investment Cap Rate: 11.50% No. Stories: Year Built: 1972 Lot Size: 44,711 SF APN / Parcel ID: 17E=-18S Listing ID Last Updated today Highlights 19 unit Apartment Complex 5 buildings are 1 story concrete block Central heat and air Tenant pays electric Description 19 units consisting of 14 unit building at 740 N E 5th Avenue. All 2 bedroom and 1 bath, CHA, 1-story concrete block with pitched shingle roofs. 476 N E Crystal St is 1 duplex 2 bedroom 1 bath, and 1 duplex 2 bedroom 2 bath, and 1 single family home 3 bedroom 2 bath. All buildings are 1-story concrete block with central heat and air. Current gross income =$126,000 per year. Net income =$87,520 per year. Cap rate is 11.5%. Same owners since th Ave, and 476 N E Crystal Street, Crystal River, FL. From Tampa go north on 589 (Suncoast Parkway) to the end. Hwy 19 north to Crystal River.

2 Financial Summary Actual Scheduled Gross Income Operating Expenses Net Operating Income $126,000 $38,480 $87,520 Unit Mix Information Description 2 BR/ 1 BA 2 BR 2 BA No. Units BR 2 BA 1 BR/ 1 BA 2 Map of 740 NE 5th Ave, Crystal River, FL (Citrus County) NE13thTema NW nth St s NW 10th.St i NE 11th St c( z ~ ~ ~ -!t ill.l 1! "" w z NE 13th St 1 NE 12th St i w z I.c :;... z NE 9th St NE Cryst.i NE 10th St t J _ I _ i i w w z z I i N 6thSt "" NE Sth Terrace NE:SthSt NE 4th St NE 3rd St

3 APARTMENTS: I # of Units: 19 TRADE NAME: ADDRESS: 740 N.E. 5th Avenue CITY/ST: Crvstal River, FL LISTING PRICE: $760,000 Area: Grid No. Folio No. FINANCING: CASH DOWN: TERMS: Cash l\,;un t: Ar IU C~l"'C:'"--""' CURRENT YEAR ROS: SC 1cuULEO ::" us:1.. mer nc: Water Income I TOTAL GROSS INCOME ~ Mtgee: Less: Vacancv and Credit Losses 5% 6,00~ Second Mortgage: GROSS OPERATING INCOME 120,00~ Mtgee: Less: Operating Expenses Legal: Folio # Accounting & Legal Folio # Advertising, Licenses & Permits Property Insurance 2,062 Property management Payroll-Residential Management Other MalntMan ZONING: R-3 Taxes, Workmen's Comp Personal Property Taxes AMT SQFT RENT Real Estate Taxes 10,490 Repairs & Maintenance Est 3,800 Efficiencies: Replacement Reserve 2 bdrm/ 1 bath 14 Services - Elevator 2 bdrm/ 2 bath 2 Janitorial 3 bdrm/ 2 bath 1 Lawn 1,728 1 bdrm/ 1 bath 2 Pool Washers: Drvers: INCOME: Rubbish Other Pest Control Htd: Suoolies CondGrds: Bldg: Furn: NO Utilities - Electricitv Const: CONC. BLK Yr. Bit 1973 Sewer, water aarbaae 14,40( Floors: 1 Elevators: NO Telephone Blda. Size: 22,760 soft Electric Ser: SeP. Meters Phase: Land Lease Water Suooly: CITY Gas avail: Incl Mta: y N Sewers: Yes A/C: CENTRAL Heat: CENTRAL Lot Size: soft TOTAL OPERATING EXPENSES 32,48~ NET OPERATING INCOME 87,52~ Children oermitted: YES Less: Total Annual Debt Service Pets oermitted: CASH FLOW BEFORE TAXES COMMENTS: 19 UNIT APARTMENT COMPLEX Owner's name: IN CRYSTAL RIVER, FLORIDA Owner's Phone: 5 BUILDINGS, ALL CONCRETE BLOCK CONSTRUCTION Listina Office: GREAT AMERICAN REAL TY TENANT PAYS ELECTRIC Listina Office Phone: (813) CAP RATE: 11.5 Listing Agent: FRANK LETO Listing Agent Fax: (813) Selling Office Fee: To Show: CALL LISTING AGENT

4 RENT ROLL 740 N.E. 5th Avenue & 476 N.E. Crystal Street Crystal River, FL N.E. 5th Avenue APT# RENT TENANT UNIT SIZE LEASE 1 $ Flores 2/ Lewis 2/ Frye 2/ James 2/ Coates 2/ Williams 2/ Addison 2/ Justen 2/ Adkins 2/ Dobrinski 2/1 Miller 2/ Radford 2/ Cartwright 2/ Bilby 2/ Units Total= $7, N.E. Crystal Street APT# RENT TENANT UNIT SIZE LEASE 470 $ Larson 2/2 Duplex Merrow 2/2 Duplex Greenlaw 3/2 House Singleton 1/1 Duplex Blankenship 1/1 Duplex $7,650 = Gross N.E. 5th Avenue 2,850 = Gross N.E. Crystal Street $10,500 X 12 $126,000 PER YEAR GROSS

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