6149 Cherry Hill, Montgomery, AL 36110

Multiple Family

Property Status: Sold (Wholesale) |  Sold: $620,000.00


Property Photos
6149 Cherry Hill (Image - 1)


15 House Portfolio! Cap RATE 11.5%


Property Status:
This Property is currently...
  • Status: Sold (Wholesale)
  • Sold: $620,000.00
Property Details:
Multiple Family
Property Style:
1-Story
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
Please email rebecca@weofferoptions for the full flier. Call 801-865-4167
Contact Info
We Offer Options INC
(801) 865-4167

View on Individual's Website
Property Description:

 

Income:

$7,500 (two vacancies – Cherry Hill and lot) $90,000/yr

Expenses:

Insurance - $400 (KLC Insurance)

Taxes - $240

Property Management - $600

Repairs - $300

Utilities - $50 (tenants pay all utilities.  This is only for vacant units.)

Total Expenses:  $1,540 ($18,480)

NOI - $71,520

Cap rate – 11.5%

COC Return – 31.6% (based on 20% down and 5% interest)

Rents can be raised at least $1,400 per month up to $2,000 per month. 

Pro-forma NOI (without lot rented, 6% vacancy and $1,400 rent increase) -$86,160

Pro-forma Cap – 13.9%

 

Purchase price $620,000

Terms – Cash or Private or Hard Money

Due Diligence and Closing – 20 days



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Utah Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Utah Real Estate Investors Association
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  • West Jordan, UT 84088

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