E-mail: aturowski@ccim.net	Alex Turowski, CCIM
		(727) 224-1317

Property Name: Essex Apartment
Property Address: 3649 30th Ave. N. St. Petersburg, FL 33713
Price:	$715,000
Total Units:	11
Type of Units:	1-3 bedroom/2 bath
	5-2 bedroom/1 bath
	5-1 bedroom/1 bath
Gross Building Area:	5,494 SF
Heated Building Area:	4,608 SF
Lot Size:	18,462 SF
Parking:	19 (11 plus 8 carports)
Exterior Walls:	Block
Roof:	New roof in 2006/shingles
Heat/Air Conditioning:	Central
Design/Appeal:	2 story
Property Condition:	Average
Location:	Good
Year Built:	1973

Annual Property Operating Data
	Current Rent Roll As of Mar 2011
	Number of Units	Type of Units	Monthly Rent per Unit	Total
	1	3 bed / 2 bath	$     720	$       720
	1	2 bed / 1 bath	$     720	$       720
	1	2 bed / 1 bath	$     700	$       700
	1	2 bed / 1 bath	$     690	$       690
	1	2 bed / 1 bath	$     650	$       650
	1	2 bed / 1 bath	Vacant
	5	1 bed / 1 bath	$     550	$    2,750
	Total Monthly Rental Income			$    6,230
	Total Yearly Rental Income			$  74,760
	Utilities paid by Owner: Water/Sewer/Trash
	Monthly Market Rent: (3Bed/2Ba $780)  (2Bed/1Ba $725)   (1Bed/1Ba $600)
Profit report					Actual		Performa
	TOTAL INCOME				$    74,760		$   83,588
	Real Estate Taxes				$    10,707		$   10,707
	Property Insurance				$      2,995		$    2,995
	Repairs and maintenance				$      1,322		$    1,322
	Utility				$      8,079		$    8,250
	Administration				$      1,091		$    1,091
	TOTAL EXPENSES				$    24,194		$   24,365
	NET OPERATING INCOME				$   50,566		$ 59,223
	Performa includes Market Rent, 7% Vacancy and $750 a year per unit for Utilities for a total of $8,250 per year when fully occupied.
	The statements and figures herein while not guaranteed are secured from sources we believe authoritative