TITLE:
Converted Duplex
CONTROL:
Exclusive
VALUE:
$145,000
LOAN:
$0
EQUITY:
$145,000
TYPE:
Multi-Family
HAVE:
Converted duplex with long term tenant in unit (a) and refreshed unit (b). Both units are potential Section 8 rentals or market rate rentals. Unit (a) is paying below market rent so there is room for increased income.
ADDRESS:
121 S. Willis, Independence, Missouri
GROSS SCHEDULED INCOME:
$20,400 Projected
VACANCY LOSS:
$1,700
GROSS EFFECTIVE INCOME:
$18,700
EXPENSES:
$5,180
NOI:
$13,520
DEBT SERVICE:
$0
CASH FLOW:
$13,520
CAP RATE:
9.32%
BENEFITS SOUGHT:
sale--needs cash for another project
REMARKS:
Income is actual for unit A and projected for unit B.
COUNSELOR:
Pierre Heidrich
Bi-State Realty Group, LLC
751 NE Anderson Ln
Lees Summit, Missouri, 64064
