TITLE:
THREE LEASED HOUSES IN BELLEVILLE, IL
CONTROL:
Owner
VALUE:
$190,000
LOAN:
$0
EQUITY:
$190,000
TYPE:
Homes/Condos
HAVE:
Three leased, locally managed working class houses in Belleville IL area.
ADDRESS:
1320 Sandalwood and others, Belleville, Illinois
BENEFITS TO NEW OWNER:
High cap rate, steady income, low entry point.
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GROSS SCHEDULED INCOME:
$44,652 Actual
VACANCY LOSS:
$2,200
GROSS EFFECTIVE INCOME:
$42,452
EXPENSES:
$10,000
NOI:
$32,452
DEBT SERVICE:
$0
CASH FLOW:
$32,452
CAP RATE:
17.08%
BENEFITS SOUGHT:
activate equity. Move into somehting nicer.
CAN ADD:
vacant house in Belleville on the market for $85k, sale/leaseback deals, 1031paper, Notes, land, cash
REMARKS:
These are not hurting me and I would look at moving them into your deal. I am looking for a taker.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
