Florida Income Property near Fort Lauderdale, $800,000 (off market)
10 Plex with (8) 1 Bedroom and (2) 2 Bedroom Apartments Each with Terrific Location, Income, and Condition
Each 10 plex is two buildings separated in the middle
Executive Summary: Rent Roll, Expenses, Net Operating Income:
| Rent Roll as of November 2004 | ||||||
| Unit | Tenant | Style Apt. | * Monthly Rent | Annual Rent | * Adjust Date | Lease Ends |
| 1 | 1BR-1Bath | 550 | 12/1/2004 | 11/30/2004 | ||
| 2 | 1BR-1Bath | 650 | 8/1/2005 | 7/31/2005 | ||
| 3 | 1BR-1Bath | 625 | 8/1/2005 | 7/31/2005 | ||
| 4 | 1BR-1Bath | 550 | 2/1/2005 | 1/31/2005 | ||
| 5 | 2BR-1Bath | 775 | 9/1/2005 | 8/31/2005 | ||
| 6 | 2BR-1Bath | 650 | 2/1/2005 | 1/31/2005 | ||
| 7 | 1BR-1Bath | 650 | 5/1/2005 | 4/30/2005 | ||
| 8 | 1BR-1Bath | 550 | 9/1/2005 | 8/31/2005 | ||
| 9 | 1BR-1Bath | 575 | 2/1/2005 | 1/31/2005 | ||
| 10 | 1BR-1Bath | 550 | 6/1/2004 | 5/31/2004 | ||
| Income Totals | 6125 | 73500 | |
| Expenses | Dumpsters | 183 | |
| Water | 375 | ||
| Electric | 50 | ||
| Insurance | 600 | ||
| Real Estate Taxes (2004) | 1050 | ||
| Repairs and Maintenance, allow 5% | 306 | ||
| Management, allow 5% | 306 | ||
| Expense Totals | 2870 | 34440 | |
| Net Operating Income | 3255 | 39060 | |
