Wednesday, December 24, 2008

Bank says "Bring Offers!"-






Bank says "Bring Offers!"- 2 Side by Side 4 Units in Huntington Beach

Buy 1 or both - $795,000 Each - SHORT SALE


  







 








 
SHORT SALE - PRICE REDUCTION OF 100K EACH IN 2 SIDE BY SIDE 4 UNITS IN HUNTINGTON BEACH!

W.A.M.U.  WANTS TO SEE AN OFFER. 
BRING ALL OFFERS!


DRIVE BY ONLY - 2612 & 2616 England.
Just off of Yorktown.


 


 


Please fill out the Investor Profile. This helps us locate REO property and pin point what you are looking for. After we have reviewed your Investor Profile. We will give you a call to confirm all details with in. We can customize any package.

 http://www.brothers3int.com/InvestorProfile.html


 





















**2 Side by Side 4 Units just off Yorktown**

**Upside Rent Potential**


**4.66% Cap Rate w/ Actual Rents**



** Pro Forma Cap Rate of Nearly 5.3%**


****Banks have asked to see all offers!****

http://www.brothers3int.com/InvestorProfile.html   













































Financial Analysis - Actual
 

 


 

2612 Eng. 2616 Eng.

Gross Scheduled Income


57,960

59,820


Vacancy Allowance (3%)


1,749


1,795

Gross Operating Income


56,570

58,025


Operating Expenses


19,522

19,769

Net Operating Income


37,048


38,256


Cap Rate


4.66%


4.81%


Gross Rent Multiplier


13.71


13.28

































































Mix & Rents

No.

BR

BA

2612 Eng.


2616 Eng.


 


A

2

1

1,200

1,265


 

B

2

1

1,200

1,195


 

C

2

1

1,200

1,225


 

D

2

1

1,200

1,240


 

 


 

 

LDY


60


60


 


Total


 

57,960

59,820


 















































Operating Expenses - 2616 England

Taxes (New)


9,143


Insurance (EstF&L)


1,400


Gas


1,500


Electricity


450


Water / Sewer


1,700


Maintenance (3%)


1,796


Gardener


480


Trash


800


Manager


2,500


Professional Management


0


Condo Association Fees


0


Misc (Pest Control)    


0


Total


19,769



































Property Specifics 2612 & 2616 England

A/P #


025-111-25
025-111-26


Lot Size


6,683


Building Square Feet:


3,862


Year Built


1963


# Parking Spaces        


4 Single Gar.
4 spaces each


Heating


Wall Heat


Tenant Pays


Gas & Electric


To Show


Drive By Only!
Show with Accepted Offer!


 





 




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