TITLE:
Side by side duplexes with Management --
CONTROL:
Exclusive
VALUE:
$640,000
LOAN:
$223,101
EQUITY:
$416,899
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:
$72,960 Projected
VACANCY LOSS:
$1,500
GROSS EFFECTIVE INCOME:
$71,460
EXPENSES:
$48,941
NOI:
$22,519
DEBT SERVICE:
$18,000
CASH FLOW:
$4,519
CAP RATE:
3.52%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$223,100
$1,500
4%
12/15/2027
Yes
BENEFITS SOUGHT:
Larger market. 6-8 plex with financing.
CAN ADD:
$50,000 cash plus a $50,000 interest in Hastings 2
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
