Milan Properties, Inc

Type: Apartment Buildings
Agent Name: Milan P. Rubenstein
Price: USD $ 850,000
Featured: No

Setup Sheet Please Click here

Property Description:
Tremendous rental upside. Well maintained building great unit mix is five 2+1

Location Description:
East of Normandie and 1 block west of Pico. close to 1- Fwy

No. Stories:	2	Commission Split:	2.5%
Parking Ratio:	1.5 / 1,000 SF

Highlights

• Rental Upside • This won't last   • Great Unit Mix • Up and Coming Neighborhood   • Well maintained • Nice Landscaping

Financial Summary Actual Year: 2008 Scheduled Gross Income: $66,900 Effective Gross Income: $65,562 Operating Expenses: $14,025 Net Operating Income: $51,537 Pre-Tax Cash Flow: $51,537		Unit Mix Information 2+1 No. Units: 5 Avg. Mo. Rent: $996   1+1 No. Units: 1 Avg. Mo. Rent: $445		Debt & Equity Information Debt Type: Proposed Interest Rate: 6.00%

Company: Milan Properties, Inc