Thursday, December 27, 2007

Claremont Residential Income $1,599,000

Units: 6
Price/Unit: $266,500


GSI: $96,000


Total Bldg SQFT: 4,784

Year Built: 1908

Property Description: Claremont Village Historical Corner Lot! Zoned Residential Mixed Use. This fantastic property is located on the corner of Indian Hill and Bonita in the Village and located steps from the Village West Expansion Project. Rents are very low-should be $8,000 per month, 100% occupied-huge demand for units because of location. This is one of the last remaining privately-owned commercial parcels in the Village. Take advantage of this extremely high-profile property now. 4 plex built in 1959, Historical Duplex in 1908.

Financial Analysis
Gross Sched Income: $96,000 Operating Exp: $26,000 Net Operating Income: $70,000
Total Annual Op Exp: $7,200

Monthly GSI: $5,100
Sep Water Mtrs: 1 Sep Gas Meter: 6 Sep Electric Mtrs: 6
Total Pkng: 11 # of Garages: 0

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