Income properties, building lots and site control for future development opportunities. This package includes the following:
9023 Crest Dr.
1.22 acre # 02-24.0-200-017 Single Family $147,430
This property is approximately 1500 sf
Has as of February 25 been completely renovated.
Monthly rents: $1,685
Is now occupied and leased having gross margin of $20,220
9032 Crest Dr.
1.19 acres # 02-24.0-200-016 Building Lot $23,000
This building lot is contiguous with 9023
Has 100' frontage on 1.25 acre
9005 Crest Dr. .68 acre # 02-13.0-413-025 Three family $120,000
This is three two bedroom units: Renovations started. Interior demolition done and now ready for new kitchens. Bathrooms are good as is. Roof has been replaced with blue architectural. Looks good.
Need mechanical / insulation
All new electrical service panels for three units and public.
New electric water heaters installed.
Has gas, electric, water to property
Septic service.
Approximately 2,600 sq ft.
Revenues expected: $48,000 annual Gross. 6.5 x gross = value $260,000.
9007 Crest Dr. 1.0 acre # 02-13.0-413-026 Three Family $247000
This property is a three family.
Unit "a" 3 br, 1 bath, just finished renovations. 945 sf., Rents pr room at $21,060 annual gross.
Unit "b" 1 br. 588 sf. Long time tenant about 15 years. Rents at $7,560 annual gross. Good condition.
Unit "c" approximately 1200 sf. Owner occupied. Interior finish is all that is needed. Room for an additional bed room.
Adding one bed room and construction of sun room should bring gross rents to $20,400.
Approximate sf = 2,750
Total gross revenues for all units: $49,020
6.5 x gross = value 318,630
9017 Crest Dr. Building Lot $23,000
9019 Crest Dr. Building Lot $23,000
9021 Crest Dr. 1.55 acre # 02-24.0-201-003 Building Lot $65,000
9036 Crest Dr. 1.08 acre # 02-24.0-201-015 Single Family $47,000
Three br., one bath, on slab, one acre. septic, water, gas, electric to property. One level approximately 1200 sf.
9058 Crest Dr. Building Lot $32,000
.33 acre. Corner lot.
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