TITLE:
Double Your Rentals - Double your Sales - Twin Homes
CONTROL:
Buyers Broker
VALUE:
$15,940,000
LOAN:
$0
EQUITY:
$15,940,000
TYPE:
Multi-Family
HAVE:
84 Doors New Construction attached single family Homes Low Wichita Taxes in very high demand Goddard Schools. 3-4 Bedroom - 2 bath - 2 attached garages - included Sprinkler System, Lawn and wrought iron backyard fencing. HOA includes Mowing & SS Maint.
ADDRESS:
Multiple, Wichita, Kansas
BENEFITS TO NEW OWNER:
High Demographics and Demand rental area, close local Grocery, Walgreens, Banks, restaurants, new construction low maintenance - reduced cost local management in place.
GROSS SCHEDULED INCOME:
$1,650,960 Projected
VACANCY LOSS:
$165,096
GROSS EFFECTIVE INCOME:
$1,485,864
EXPENSES:
$621,806
NOI:
$864,058
DEBT SERVICE:
$0
CASH FLOW:
$864,058
CAP RATE:
5.42%
BENEFITS SOUGHT:
This location was the second project of many permitted and underway. Only ONE other location has 64 doors the LOWER WICHITA TAXES and Desirable Schools, Saves +/- $60 per month per door due to lower Mil Levy
CAN ADD:
Up to 300 additional doors in surrounding Metropolitan areas, possible lease up or guarantee rents for first several months.
REMARKS:
This is at the stage of final interior completion and lease up. With the lack of purchase and rental inventory these should not take 60-120 days to lease up or we can require Seller to complete lease up, after preferred hold Lot Split and sell. See Exit
COUNSELOR:
Sheri Dawn Proctor
BHGRE Alliance
245 N Waco, Suite 160
Wichita, Kansas, 67202
