We Present the Latest Investment Opportunity!*
Asset type: FOURPLEX
Total Sq Ft: 4,095
Bed/Bath/Garage: 3 X 2/1/0, 1 X 1/1
(Neither unit square footage or condition verified)
Asking Price: $405k.
Current income: $2,595
Rehab estimate: $50k (placeholder, inspection pending. Seller disclosures show roughly $35k in foundation/masonry repair)
Year 1 Projections**
Income: $3,950 – $4,400 a month (+$225 a year coin laundry)
Net cash flow: $1,131 – $1,507
Operating Expense Ratio: 28% – 30%
Cap Rate: 6.9% – 7.2%
Cash on Cash Return: 9% – 12%
Owner occupants may qualify for a 3.5 – 5% down payment!
Don’t like the asking price? Make a reasonable offer!!
Please contact me by phone or text at 719-453-8690 for more details or to express your interest***.
*The asset being offered is not owned or under the control of Atlas Real Estate Group
**After rent increase(s). Calculations assume a 75% LTV, 30 yr. loan at 5%.
***NCND and/or Buyer Agency requested