Property Information


Price: $2,800,000
State: NY
Units: 90
Yearly Gross Income: $487,000
Yearly Expenses: $224,000
Cap Rate: 8.53%
Estimated Yearly Cash Flow: $51,000
*Assume stated income and expenses with a 20% down payment and 7.5% 30-year mortgage.
    Repairs Needed:
N/A
*Further repairs may be dependent upon inspection

Description:
A great 80 unit complex all with separate utilities. Two five unit apartment complexes come with this package as well. Near a bus line, off street parking, separately metered, new soffit, and picture windows.

Please contact us for a free proforma analysis of this property.




Request Detailed Property Report:
Yosef Shapiro
Investment Associate
YShapiro@FundamentalRealty.com
(707)280-9627

Fundamental Realty Listing ID: 30 - Please include this ID when requesting reports.

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While Fundamental Realty Group provides assistance in acquiring investment properties, it is ultimately up to prospective investors do all their own due diligence on the properties prior to buying or selling, including research on the cities, neighborhoods, vacancy rates, rental rates, expenses, economic development, etc. All income and expenses provided by Fundamental Realty Group and its associates are pro-forma and are no guarantee of past or future performance. Income properties, like all investments fluctuate in profitability and rents, fees, evictions, vacancies, and repairs can dramatically affect the rate of return. Investors should always have ample capital reserves for down months. Fundamental Realty Group does not manage real estate and is not responsible or involved with the properties after the time of sale. We are not real estate agents and all transactions are the sole responsibility between the buyer and seller.