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Featured Property

34 Residential Apartment Units
FOR SALE

 

Executive Summary

PROPERTY: Eleven existing multi-family buildings that are 100% tenant-occupied, with 34 units and a total rental able area of 36,000 sf mol.
   
LOCATION: The subject is located on the North side of Beltrees Street approximately 1 mile South of Main Street (SR580 Dunedin, Florida) in Pinellas County, Florida.
   
IMPROVEMENTS: The subject’s improvements consist of 11 concrete block/stucco multi-family buildings designed for long term tenancy. The subject is currently 100% tenant-occupied. The improvements are of good construction quality, with actual ages of approx. 25 years, and effective ages of 7-10 years due to the ongoing preventive maintenance, upgrades and remaining economic life of 40 years. The land-to-building ratio is 3.921:1. Other improvements include a concrete parking lot, concrete sidewalks, landscaping, and curbing. Roofs were replaced in 2007 and smoke detectors have been upgraded to meet current code.
   
ZONING: PR-1 Planned Residential Development District, City of Dunedin, Florida.
   
PRESENT USE: Multi-Family.
   

HIGHEST AND BEST USE:

As vacant & as improved Multi-Family.

   
PROPERTY RIGHTS: Fee Simple Estate.
  Owner is an Active Licensed Real Estate Broker representing himself in the transaction with Darleen Depoalo, Abi Road Realty LLC.

ABI ROAD REALTY, LLC
Darleen Depoalo, Florida Licened Real-Estate Broker
1436 Wisconsin
Palm Harbor, FL 34683
Phone: 727-417-7396
Cell: 727-417-7396
Fax: 727-330-7350
http://abiroadrealty.com/


AMERI-TECH REALTY, INC.
24701 US Highway 19 North Suite #102
Clearwater, FL 33763
727-726-8000 ext #228
Michael G Perez
Licensed Real Estate Broker

Offered for: $2,210,000.00

For more information please contact: Darleen Depoalo, Realtor Cell: 727-417-7396
e-mail: darleen@abiroadrealty.com

Unit Summary & Rent Roll

Unit Number

Unit Description

Unit Style

Current Rent

Projected Rent

 

 

 

 

 

950-1A Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-1B Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-1C Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-2D Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-2E Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-2FA Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-3G Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-3H Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-3I Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-4J Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-4K Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-4L Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-5M Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-5N Beltrees Street

2/2 Unit Central WST

Villa/Carpet/Tile W&D

$745.00

$845.00

950-5O Beltrees Street

3/2 Unit Central WST

Villa/Carpet/Tile W&D

$845.00

$945.00

950-6P Beltrees Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

950-6Q Beltrees Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

950-6R Beltrees Street

3/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

950-7S Beltrees Street

3/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

950-7T Beltrees Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

950-7U Beltrees Street

3/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

950-8V Beltrees Street

3/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

950-8W Beltrees Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

950-8X Beltrees Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

950-8Y Beltrees Street

3/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

857A Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

857B Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

857C Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

857D Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

857E Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

857F Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$695.00

$795.00

855A Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

855B Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

855C Lyndhurst Street

2/2 Unit Central no-WS

Villa/Carpet/Tile W&D

$795.00

$895.00

Financial Data

Monthly Income & Expense Projection Analysis

ACCT REVENUE MONTHLY
4010 Rental Income Projected $  29,380.00
4020 Late Fees $       300.00
     
  TOTAL GROSS REVENUE $  29,680.00
  Vacancy & Collection loss                10%       $    2,968.00
  TOTAL NET REVENUE $  26,712.00
     
  OPERATING EXPENSES  
6010 Administrative             $       400.00
6100 Routine Maintenance & Interior Up-Grades $    3,000.00
6200 Landscaping/Tree Trimmings   $       350.00
6800 Utilities Water/Sewer/Trash (10-Units) $    1,800.00
6900 Property Insurance 2012 Actual $    1,150.00
7000 Property Tax 2012 Actual $    2,160.00
8000 Operating Contingency $       750.00
  TOTAL OPERATING EXPENSES $    9,610.00
  NET CALCULATION (GROSS PROFIT)       17,102.00

This information is believed to be accurate and in close proximity to actual figures; (supporting documentation is available upon request such as actual statements, tax receipts and invoices etc.) however we are not responsible for misstatements of facts, errors or omissions, prior sales, changes in price or withdrawal from the market without notice. All interested parties should perform their own market feasibility study to determine the soundness of the financial data being presented.

Pictures

     

2007 Appraisal

 
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