5615 S Prairie Ave
| Multi-Residential - Current Operating Returns | |
|---|---|
| Property Address | 5615 S Prairie Ave |
| Price | 699,000 |
| Units | 41 |
| Description | |
| ATTENTION SRO OPERATORS..WITH PROPER MANAGEMENT IN PLACE...GREAT POTENTIAL WITH MINOR REPAIRS AND SUPPORT FROM THE CITY...ATTENTION DEVELOPERS AND INVESTORS...CONVERSION OPPORTUNITY | |
| Summary - Operating Information | |
| Price | 699,000 |
| Down Payment | |
| Number of Units | 41 |
| Price Per Unit | 1490 |
| Gross Rent Multiple | 2.8 |
| Capitalization Rate | 14 |
| Approximate Age | Before 1978 |
| Approximate Square Feet | 7500 |
| Price Per SF | 62.47 |
| Approximate Net SF | |
| Price Per Net SF | |
| Total Expenses Per Unit | |
| Annualized Operating Data | |
| Scheduled Gross Income | |
| Vacancy | |
| Gross Operating Income | 349,440 |
| Expenses | |
| Real Estate Taxes | 11,737.00 |
| Insurance | 8000 |
| Other Expenses | |
| Total Expenses | |
| Net Operating Income | 164,058 |
| Loan Payments | |
| Pre-Tax Cash Flow* | |
| Principle Reduction | |
| Total Return Before Taxes | |
| Financing | |
| Interest Rate | |
| Type of Loan | |
| Amortization | |
| Term | |
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.