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

	Property Name: Sunrise
	Property Address: 3556 66th Street North  St. Petersburg, FL 33710
Very nice and easy rental area of St. Petersburg. 441 feet frontage on main road; close to the mall, beaches, restaurants and hospital. The property consists of 7 buildings; 6 buildings are 4,644 square feet each with four 2 bedroom and two 1 bedroom units. Building number 7 is 5,094 square feet with eight 1 bedroom units.
	Price:	$2,599,000	$59K Per Unit	$66 Per SF
	Total Units:	44
	Type of Units:	24-2 bedroom/1 bath approx. 843 SF each
		20-1 bedroom/1 bath approx. 636 SF each
	Gross Building Area:	39,460 SF
	Heated Building Area:	32,958 SF
	Lot Size:	1.2655 Acres (441 x 125)
	Pool	No
	Exterior Walls:	Block
	Roof:	Flat built up
	Heat/Air Conditioning:	Central air and heat
	Design/Appeal:	Total of seven two story buildings
	Property Condition:	Average
	Location:	Very good
	Year Built:	1968

Annual Property Operating Data
	TWO BEDROOM UNITS					ONE BEDROOM UNITS
	Current Rent Roll for 2 bed as of Jan 2011					Current Rent Roll for 1 bed as of Jan 2011
	Number of Units	Type of Units	Monthly Rent per Unit	Total		Number of Units	Type of Units	Monthly Rent per Unit	Total
	9	2 bed / 1 bath	$     680	$    6,120		8	1 bed / 1 bath	$     550	$    4,400
	7	2 bed / 1 bath	$     650	$    4,550		5	1 bed / 1 bath	$     530	$    2,650
	2	2 bed / 1 bath	$     660	$    1,320		4	1 bed / 1 bath	$     580	$    2,320
	1	2 bed / 1 bath	$     700	$       700		2	1 bed / 1 bath	$     520	$    1,040
	1	2 bed / 1 bath	$     690	$       690		1	1 bed / 1 bath	$     510	$       510
	1	2 bed / 1 bath	$     670	$       670
	1	2 bed / 1 bath	$     640	$       640
	1	2 bed / 1 bath	$     630	$       630
	1	2 bed / 1 bath	$     580	$       580
	Total Monthly Rental Income			$   15,900		Total Monthly Rental Income			$  10,920
	Total Yearly Rental Income			$ 190,800		Total Yearly Rental Income			$ 131,040
	TOTAL YEARLY RENTAL INCOME: $321,840
ACTUAL ANNUAL FIGURES
	RENTAL INCOME			$   321,840
	Real Estate Taxes			$     33,650
	Property Insurance			$     16,000
	Water / Sewer / Garbage			$     25,200
	Electric			$      2,400
	Lawn Maintenance			$      2,400
	Pest control/Supplies			$      1,050
	Repairs			$      4,125
	TOTAL OPERATING EXPENSES			$     84,825
	NET OPERATING INCOME			$ 237,015
	Owner will open books at the beginning of the due diligence period

The statements and figures herein while not guaranteed are secured from sources we believe authoritative.