TITLE:
3 Unit Residential in Paradise
CONTROL:
Owner
VALUE:
$369,000
LOAN:
$140,000
EQUITY:
$229,000
TYPE:
Homes/Condos
HAVE:
Fully rented 3 unit residential property in Venice FL. Upside to raise 2 of the rents on long term tenants. Many improvements.
ADDRESS:
2980 Dogwood Road, Venice, Florida
BENEFITS TO NEW OWNER:
Solid income property with many upgrades
OTHER FILES:
GROSS SCHEDULED INCOME:
$56,196 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$56,196
EXPENSES:
$20,928
NOI:
$35,268
DEBT SERVICE:
$15,314
CASH FLOW:
$19,954
CAP RATE:
9.56%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$140,000
$1,276
0%
09/15/2032
No
BENEFITS SOUGHT:
Move through the asset and activate equity into something other than residential
CAN ADD:
Cash
COUNSELOR:
Peter West
Bishop West Real Estate
724 Shamrock Blvd
Venice, Florida, 34293
