TWO MULTI-UNIT APT BLDGS; OWNER FINANCING! $64,968 POSITIVE CASH FLOW!

Description

 
These properties are in Rochester NY. Both are on the same Block.

The first is a 3 Apartment Building that's FULLY OCCUPIED with a Turn Key Restaurant All Equipment in place ( Seller Willing To Sell 3unit Apt Bldg Without Restaurant)

The Gross Annual Rents With Restaurant are $43,740. The Positive Cash Flow Annually Without Restaurant is $38,367.

The Gross Annual Rents Without Restaurant are $32,940. The Positive Cash Flow Annually Without Restaurant is $27,567.


There is a Current CofO with no outstanding Violations. All three Apartments are Fully occupied & TENANTS ARE ALL CURRENT ON THEIR RENT. The details are as follows:


Apt #1 - 4 Bdrm
• - Rent $900 plus tenant pays own utilities. (Rent should be $1100)


Apt #2 - 3 Bdrm
• - Christian Woman's Shared Home (Non-smoking, Alcohol Free & Drug Free Environment) - 3 Women Occupy the Apartment
• - Rent $1,320 all paid by Government. Rent Sent directly to landlord.

Apt #3 - 2 Bdrm
• - Tenant has been there for 6 years.
• - Rent $525 plus tenant pays own utilities. (Rent should be $550-$725)

Restaurant is Turn Key! Has All Working Equipment!
Other Restaurant Details:
• - Expected Rent $1,000-1,500/mth "Triple Net" (tenant will pay, utilities, maintenance & taxes). Plus $300-$500/mth for Equipment use.

The Restaurant is Perfectly Positioned on a high traffic Street and Corner Directly across from school
*WE ARE CURRENTLY IN DISCUSSIONS WITH PROSPECTIVE RESTAURANT TENANTS.


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The Other is a 4 UNIT APARTMENT BUILDING.

The Gross Annual Rents are $39K. The Positive Cash Flow Annually is $26,601.

There is a Current CofO with no outstanding Violations. All four Apartments are Fully occupied & TENANTS ARE ALL CURRENT ON THEIR RENT. The details are as follows:


Apt #1 - 1 Bdrm

• - Rent $550 plus tenant pays own utilities. (Rent should be $600-$625)


Apt #2 - 2 Bdrm
• - Christian Men's Shared Home (Non-smoking, Alcohol Free & Drug Free Environment)
• - 2 Men Occupy the Apartment
• - Rent $880 all paid by Government. Rent Sent directly to landlord.


Apt #3 - 3 Bdrm
• - Christian Men's Shared Home (Non-smoking, Alcohol Free & Drug Free Environment)
• - 3 Men Occupy the Apartment
• - Rent $1,320 all paid by Government. Rent Sent directly to landlord.

Apt #4 - 1 Bdrm
• - Tenant has been there for 10 years.
• - Rent $500 plus tenant pays own utilities. (Rent should be $550-$725)

The other good things are:
• - Exterior is Maintenance free Brick & Vinyl Siding;
• - New 30 Yr. Architectural Roof.


For more Information, Pictures and Seller finance Details GoTo:

www.Rochester.REIwholesaleHomes.com/properties

SERIOUS BUYERS ONLY...

Call Me: Mon - Sat 9-5 -or- Text Me: 24hrs. 7 days a week

@ 585-743-9778

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New York, Akron

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Ref. 2065156
IP 27.63.183.81
Published 24/08/2017
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