AWESOME INVESTMENT !!! Gross Income: $88,476 NET INCOME: $45,323 The Seminole Apartments are a series of 11 cotteges. 9 Studio apartments, one -2 bedroom apartment and one - 3bedroom/1 bath home. The property itself sits on 51,000 sf of land and is comprised of six total buildings. Within the past few years, especially when tenants are transitioning, substantial renovations and improvements have been completed on most of the units, including new kitchen cabinets, new appliances, new tile/vinyl flooring, and new closet doors. Landscaping has been improved & maintained for the tenants enjoyment. The property sits directly on US 41/Tamiami Trail in a prime location in Venice. The location is within close proximity to various shopping centers, restaurants, and Venice beach. GREAT INVESTMENT - CASH FLOW 7.55% CAP
ATTENTION INVESTORS - BEAT WALLSTREET! How about a POSITIVE CASH FLOW NOW? Think about this - CAP Rate of 5.7% Year 1, 6.4% Year 5, 7.5% Year 10, AND IRR of 13% Year 5, 14.6% Year 10. Annual leased tenants now in place thru Aug. 1, 2014 . They have requested to stay on at least another 4 years. Data analysis sheet available for your review. New 2006 CBS (not Stickhome) 3/2/2 1221sf on 10000sf' lot. Greatroom home Upgrades include Trussed and Screened in Lanai, Tile, Corian, MicroWave, D/W, W/D, Refrig, Stove & Blinds . Call for more details.