PRICE REDUCTION ~ Apartments For Sale...Apartments located on Baugh & Gopal Streets just off...
Transcript of PRICE REDUCTION ~ Apartments For Sale...Apartments located on Baugh & Gopal Streets just off...
PRICE REDUCTION ~ Apartments For Sale
For Additional Information,
please contact:
Baugh/Gopal Streets & Middleton Street, Orangeburg, SC
Apartments located on Baugh & Gopal Streets just off Columbia Road near Chestnut.
Six 4plexes(2,464 +/- Sq Ft/4plex), 3 Duplexes(1,551 +/- Sq Ft/Duplex) & 1 Studio Apartment(720 +/-
Sq Ft): Each Unit features 2 BRs, 1 Bath, Den, Kitchen & Utility Room, except the Studio Apartment
w/1 BR & 1 Bath. Central HVAC, City Utilities & Concrete Parking Area. Units Built between 1990
& 2001.
Tax Map #s: 0174-13-08-014 (1.26 +/- Acres) & a Portion of TMS#: 0174-13-08-015 (0.37 +/- Acres).
2016 County Property Taxes: $19,918.62. Financials and Plat are Available.
Now Available for $1,100,000.00 ($37,931.03 per Unit)
R. Cal Bruner, Jr.
803-535-6208
www.calbruner.com
Ann Young
803-516-1493
Apartments located at 1754 Middleton Street near the Post Office.
1 4plex Apartment Building (2,920 +/- Sq Ft): Each Unit features 2 BRs, 1 Bath, Den, Kitchen &
Utility Room. Central HVAC, City Utilities & Concrete Parking Area. Built in 1997.
Tax Map #: 0152-12-29-002 (0.41 +/- Acres)
2016 Property Taxes: $3,490.78 (County) $886.91 (City). Financials and Plat are Available.
PRICE REDUCTION ~ Now Available for $164,000.00 ($41,000.00 per Unit)
Middleton Street 4Plex
Interior Photos
Plats – Baugh & Gopal Streets
Plat – Middleton Street
Property Name Annual Property Operating DataLocation
Type of Property
Size of Property
Purpose of analysis
Assessed/Appraised Values
Land 0 15%
Improvements 0 85% Amort Loan
Personal Property 0 0% Balance Periodic Pmt Pmts/Yr Interest Period Term
Total 0 100% 1st 12
2nd 12
Adjusted Basis as of: 4-Apr-17
$/SQ FT %
ALL FIGURES ARE ANNUAL or $/Unit of GOI COMMENTS/FOOTNOTES
1 POTENTIAL RENTAL INCOME 190,000
2 Less: Vacancy & Cr. Losses ( 5.% of PRI ) 9,500
3 EFFECTIVE RENTAL INCOME 180,500
4 Plus: Other Income (collectable)
5 GROSS OPERATING INCOME 180,500
OPERATING EXPENSES:
7 19,918
8
9 9,513
10
11
12
13
14
15 8,102
16
17 14,803
18
19 2,744
20
21
22 7,926
23
24 Fire Contract
25 Garbage Collection
26 Grounds 1,508
27
28
29 64,514
30 115,986
31 -
32 Less: Participation Payments (from Assumptions) -
33 -
34 -
35 115,986
Authored by Gary G. Tharp, CCIM Copyright© 2006 by the CCIM Institute
Gopal Apartments
Baugh Street
Multi-Family
Multiple (Sq. Ft./Units)
Property Insurance
Cap Rate: 115,986/1,100,000 = 10.5%
1,100,000
1,100,000
Less: Leasing Commissions
Less: Funded Reserves
CASH FLOW BEFORE TAXES
NET OPERATING INCOME
Licenses/Permits
Utilities:
Electric
Water
Off Site Management
Payroll
Expenses/Benefits
Taxes/Worker's Compensation
2015 Rent Actually Collected: $182,000
Real Estate Taxes
Personal Property Taxes
Prepared by:
Prepared for:
Repairs
Accounting and Legal
$1,100,000
Repairs and Maintenance
The statements and figures herein, while not guaranteed, are secured
from sources we believe authoritative.
TOTAL OPERATING EXPENSES
Less: Annual Debt Service
Advertising
Supplies
Miscellaneous Contract Services:
Purchase PricePlus Acquisiition CostsPlus Loan Fees/CostsLess MortgagesEquals Initial Investment
Property Name Annual Property Operating DataLocation
Type of Property
Size of Property
Purpose of analysis
Assessed/Appraised Values
Land 0 15%
Improvements 0 85% Amort Loan
Personal Property 0 0% Balance Periodic Pmt Pmts/Yr Interest Period Term
Total 0 100% 1st 12
2nd 12
Adjusted Basis as of: 4-Apr-17
$/SQ FT %
ALL FIGURES ARE ANNUAL or $/Unit of GOI COMMENTS/FOOTNOTES
1 POTENTIAL RENTAL INCOME 26,400
2 Less: Vacancy & Cr. Losses ( 5.% of PRI ) 1,320
3 EFFECTIVE RENTAL INCOME 25,080
4 Plus: Other Income (collectable)
5 GROSS OPERATING INCOME 25,080
OPERATING EXPENSES:
7 7,229
8
9 1,218
10
11
12
13
14 1,896
15 1,035
16
17
18
19 393
20
21
22
23
24 Fire Contract
25 Garbage Collection
26 Grounds
27
28
29 11,771
30 13,309
31 -
32 Less: Participation Payments (from Assumptions) -
33 -
34 -
35 13,309
Authored by Gary G. Tharp, CCIM Copyright© 2006 by the CCIM Institute
Gopal Apartments
Middleton Street
Multi-Family
4plex (Sq. Ft./Units)
Property Insurance
Cap Rate: 13309/164000= 8%
164,000
164,000
Less: Leasing Commissions
Less: Funded Reserves
CASH FLOW BEFORE TAXES
NET OPERATING INCOME
Licenses/Permits
Utilities:
Electric
Water
Off Site Management
Payroll
Expenses/Benefits
Taxes/Worker's Compensation
2015 Actual Rents Collected:$23,307
Real Estate Taxes
Personal Property Taxes
Prepared by:
Prepared for:
Repairs
Accounting and Legal
$164,000
Repairs and Maintenance
The statements and figures herein, while not guaranteed, are secured
from sources we believe authoritative.
TOTAL OPERATING EXPENSES
Less: Annual Debt Service
Advertising
Supplies
Miscellaneous Contract Services:
Purchase PricePlus Acquisiition CostsPlus Loan Fees/CostsLess MortgagesEquals Initial Investment