Thursday, June 6, 2013

Investor alert..Major price adj. on 27 unit multifamily. 9.4 cap based on actual #s. Carpe diem.. Better than the stock mkt!


Bridgeport Investment..9.374 cap.27 units..Just when you think inventory has been depleted..
Carpe Diem..Check it out!
3225 s may, 3247 s. may and 3157 s. Racine 
750k of assumable debt
Priced right@$2,199,975

Front View Front ViewFront View



 Kitchen / Dining Room Bedroom 



Bridgeport rent rolls and offering package

3247 S. May Tenant breakdown.3-2br/1ba,1-4br/2ba,1-1br/1ba
Income $4070 monthly $48840 annual

Expenses..Owner pd. Uti1ities.$2000(2012 actual)

Insurance$2000 RE taxes $7200

Net Operating Income $37,640

5 flat can be deconverted back to 6 flat. All tenant heated. Washer/Dryer(Coin opp) Updated  in last 5 years. New windows, new roof

3225 S. May Tenant breakdown 9- 2br/lba,1-lbr/1ba,1-studio,1-3br/1ba

Income $9520 monthly $114,240 annual

Expenses..Owner pd. Utilities $5500(2012 actual)

Insurance $5000 RE taxes $9700

Net Operating Income $94,040

12 units. New roof. New windows. Renovated in last 5 years. Tenant heated

3157 S. Racine Tenant breakdown 2-2bd/1ba,7-1bd/1ba, 1 penthouse(3br/1ba..just finished)

Income $8197 monthly $98,364 annual

Expenses..Owner pd. Utilities $7500(2012 actual)

Insurance $6200 RE taxes $10110

Net Operating Income $74,554

10 units.Newly renovated in last 4 years. (Windows and units) 4 units have Washer/dryer..2 coin opp. Most units are Tenant heated

Actual Gross Income for all 3 buildings.$261,444  
Actual Net operating income for all 3.$206,234

Taxes.27,010 1nsurance..13,200 Utilities. . .15,000

****New Asking price for all 3.. $2,199,975 or 9.374 cap(based on actual NOI)***
EMAIL rgoldstein@rubloff.com for more info or private showing 





Ron Goldstein, MBA
Principal
Silver Professionals, LLC.
Certified Luxury and Eco-Broker@Prudential Rubloff..chicagoluxuryrealty.com
Check out my blogs@silverprofessionals.blogspot.com and carpediemrealestate.blogspot.com
ron@silverprofessionals.com

Offices in Chicago and St. Petersburg
Carpe Diem..Jobs & Homes..Base of our Economy!

Find us on:
Silver ProfessionalsSilver ProfessionalsRonGoldstein






Post a Comment