$45,000
Sold on 9/08/95
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$1,896 |
1958 |
On the market:
97 days
|
View full details, 15 photos, school info, and price history
THIS BRICK BUILDING BUILT IN 58 IS IN A NICE AREA OF HOMES NEAR RUFUS KING HIGH. A GREAT STARTER INVESTMENT. ASKING JUST $13,750 /APT. GROSS RENT MULTIIPLIER (550,000 DIVIDED BY 14,400) =3.82. CAPITALIZATION RATE ($9201 DIVIDED BY $55,000) =16.7%. N.O.I. OF 9,201/ YR. =$767/MO. LESS $354 LEAVES $353 MONTHLY CASH FLOW BEFORE TAX BENIFITS.