TITLE:
Side by side duplexes with Management
CONTROL:
Exclusive
VALUE:
$680,000
LOAN:
$231,199
EQUITY:
$448,801
TYPE:
Multi-Family
HAVE:
Two 1976 built duplexes in South Aberdeen, WA. 3 units have stable tenancies. One unit has been remodeled with a new tennant. 1510 sq ft each with 576 sq ft garages. Ptrofessionally managed
ADDRESS:
1007, 1009, 1011, 1013 Macfarlane, Aberdeen, Washington
BENEFITS TO NEW OWNER:
Stable market. Management in place. neighborhood. Close to the Ocean.
GROSS SCHEDULED INCOME:
$68,400 Projected
VACANCY LOSS:
$1,500
GROSS EFFECTIVE INCOME:
$66,900
EXPENSES:
$20,801
NOI:
$46,099
DEBT SERVICE:
$17,532
CASH FLOW:
$28,567
CAP RATE:
6.78%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$231,199
$1,460
7%
12/15/2027
No
BENEFITS SOUGHT:
Larger market. 6-8 plex with financing.
CAN ADD:
$100,000 cash.
REMARKS:
The owner exchanged into these units when he moved from Montana. Now heading back to be with family.
COUNSELOR:
Hal Palmer
PDG Services
P. O. Box G
Longview, Washington, 98632
