Property Details

TITLE:
Quadplex & Duplex, Chester WV
CONTROL:
Owner
VALUE:
$330,000
LOAN:
$275,000
EQUITY:
$55,000
TYPE:
Multi-Family
HAVE:
Quadplex (4x 1/1) & Duplex (2x 2/1). Lot formerly held a third building. Quad rents: $700, $625, $0, $0. Duplex rents: $700, $650. Value-Add: 2 of the quad units are currently vacant. 1 vacant unit requires $7-10k rehab; other vacant unit rent-ready.
ADDRESS:
104 California Ave & 109 Alley O, Chester, West Virginia
BENEFITS TO NEW OWNER:
Value-add opportunities, possibility to expand with new building where third building was scraped.
Quad & Duplex on left, scraped property on right
GROSS SCHEDULED INCOME:
$50,400 Projected
VACANCY LOSS:
$5,040
GROSS EFFECTIVE INCOME:
$45,360
EXPENSES:
$1,200
NOI:
$44,160
DEBT SERVICE:
$21,689
CASH FLOW:
$22,471
CAP RATE:
13.38%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$235,314
$2,389
8%
12/31/1969
No
LOAN 2
$44,000
$0
12%
12/31/1969
No
COUNSELOR:
Andrew Hasser
Better Path Realty
PO Box 56
Layton, , 84041
Phone: 3853687759