5.80% Cap Rate | 2 Multifamily Properties
INVESTMENT HIGHLIGHTS
- This condominium community has an HOA which is responsible for all capital expenses
- dense tenant population
PROPERTY DESCRIPTION
The property is 100% occupied. Located in a very accessible area with
TAXES & OPERATING EXPENSES (ACTUAL – 2020) |
ANNUAL |
|---|---|
Gross Rental Income |
$91,044 |
Other Income |
– |
Vacancy Loss |
– |
Effective Gross Income |
$91,044 |
Taxes |
$9,650 |
Operating Expenses |
$25,328 |
Total Expenses |
$34,978 |
Net Operating Income |
$56,066 |
Proudly Presented By
RITA PATEL
She started being apart of her family’s real estate transactions at a young age and had hands on experience being in the shoes of the seller, buyer, tenant and landlord. This made her understand the importance in listening to what matters most. After being licensed and having the passion to go help others outside of family she immediately found her true calling in Commercial Real Estate. Rita worked under the commercial arm for Keller Williams; KW
Commercial. After a good amount of time she found that she was better suited for a brokerage like Integra Real Estate Investments where knowledge, experience, and networking is not taken
seriously. Rita wanted to “make a name for herself and not make a big name a bigger”
