Expenses
Projected Annual Expense: $251,843, Operating Expense Includes: "Accounting", "Advertising", "Insurance", "Maintenance", "Personal Property Tax", "Professional Management", "Real Estate Tax", "Utilities", Operating Expense: $260,764
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Property Access
Road Frontage Type: "Public", Road Responsibility: "Public Maintained Road", Road Surface Type: "Paved"
Building
Building Class: Class C, Building Name: Rio Platte, Construction Materials: "Frame", Effective Year Built: 2024, Occupant Type: Tenant, Stories: 2, Structure Type: "Low Rise (1-3)", Total Area: 30802, Unit Count: 4, Unit Types: "Array", "Array", "Array", "Array", Built in 1973, 41 total units
Disclosures
Exclusions: Tenant Possessions
Income
Actual Annual Net Income: 351040.00, Gross Income: $611,804, Projected Annual Net Income: $386,956, Projected Gross Income: $638,799
Lot
Acres: 1.24, Area: 1.24, Features: "Near Public Transit", Parcel Number: R0055650, Square Feet: 54014.4
Owner Pays
Owner Pays: "Taxes", "Trash Collection"
Parking
Parking Total: 54, Carport Spaces: 0, Offstreet Spaces: 54, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Multi-Family", Property Sub Type: Multi Family, Zoning: R-4
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 52620, Legal Description: SUB:NORTHFIELD FOURTH FILING DESC: LOTS 1 2 3 23 24 25 BLK 3, Tax Year: 2024
Tenant Pays
Tenant Pays: "Cable TV", "Gas", "Internet", "Telephone", "Water"
Utilities
Utilities: "Cable Available", "Electricity Available", "Electricity Connected", "Internet Access (Wired)", "Phone Available", "Phone Connected", Water Included, Water Source: "Public"
Courtesy of Pinnacle Real Estate Advisors [email protected]