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to EARN your business.

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Cash Cow with Room on Lot for Another Building!

100% Occupied 4-Plex
Great Rental Area - Easy to rent.
Below Market Rents with Current Tenants (1 year leases)

Asking $75,000
Replacement Value to rebuild is $95,000 per insurance company

Four 1-bed/1-bath Units (2 up and 2 down)
Two-Story Concrete Block Building
Built 1945
Units each have gas hot water heater and gas pack heat.
100% Occupied
Good roof, no deferred maintenance
Combined monthly rent is $655/month ($175/month average rent, should be $200)
Tenants pay electric and gas
Water paid by landlord, averages $38/month
Yard maintenance averages $35/month
Full Insurance with liability is less than $700/year
Property Taxes less than $300/year
Experienced Local Property Manager in Place at 10% per month (not included in operating expenses)

ProForma Annual Income Statement:

Gross Income	$7,860
Operating Expenses	$1,909
Net Operating Income	$5,951
Value: $75,000	7.94% Cap Rate

You are welcome to drive by, but PLEASE do NOT disturb or speak with tenants as they are unaware of sale. No sign in yard.

Seller is licensed real estate and mortgage broker and can assist with locating appropriate financing, if necessary. Buyer's agent protected.

Thank you for the opportunity to earn your business

Location Description:
Property is located on a deep residential lot with room enough for another building to be built behind the current structure. Located North of the River, just East of Main Street, just North of Old Richmond Road (CR-360), and just South of Stonewall Athletic Field. Great rental area!

Please Contact Branon Edwards Today for More Information at 786-417-4910

Rear of Building

Living Room

Bedroom

Kitchen

Bathroom