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E-mail: aturowski@ccim.net | Alex Turowski, CCIM |
| (727) 224-1317 |
Property Name: Hamilton Property Address: 4150 78th Ave N Pinellas Park, FL 33781 Price: $1,938,000
Total Units: 34
Type of Units: 34-2 bedroom/1 bath Unit Size: 940 SF Gross Building Area: 40,497 SF Heated Building Area: 33,584 SF Lot Size: 91,203 SF Pool Yes Exterior Walls: Block, new paint Roof: New roof in 2008/shingles Heat/Air Conditioning: Central air and heat Design/Appeal: Total of two 2 story buildings Property Condition: Average Location: Good Year Built: 1984
Total Assessed Value: 1,490,000 (Building $1,350,275 / Land $139,725
Annual Property Operating Data Location: 4150 78th Ave N Pinellas Park, FL 33781 Property Name: Hamilton Apartment Size of Property: 34 units Current Rent Roll Number of Units Type of Units Monthly Rent per Unit Total 1 2 bed / 1 bath $ 720 $ 720 2 2 bed / 1 bath $ 700 $ 1,400 1 2 bed / 1 bath $ 670 $ 670 1 2 bed / 1 bath $ 660 $ 660 9 2 bed / 1 bath $ 650 $ 5,850 1 2 bed / 1 bath $ 630 $ 630 6 2 bed / 1 bath $ 600 $ 3,600 1 2 bed / 1 bath $ 580 $ 580 12 2 bed / 1 bath $ - $ - Total Monthly Rental Income $ 14,110 Total Yearly Rental Income $ 169,320 Presently there are 12 units vacant. Utilities paid by Owner: Water/Sewer/Trash Based on competitive rent survey, the subject property monthly rent schould be $680 Profit report Actual Performa TOTAL INCOME $ 169,320 $ 260,794 Real Estate Taxes $ 35,414 $ 35,414 Property Insurance $ 9,906 $ 9,906 Repairs and maintenance $ 4,373 $ 4,373 Utility $ 16,500 $ 25,500 Administration $ 3,608 $ 3,607 TOTAL EXPENSES $ 69,801 $ 78,800 NET OPERATING INCOME $ 99,519 $ 181,994 Performa includes 6% Vacancy and $750 a year per unit for Utilities base on 2 Bedroom 2 Bath 1,000 Squire Feet unit.
The statements and figures herein while not guaranteed are secured from sources we believe authoritative.
