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Make up to 1,000,000.00 MILLION dollars * INVESTMENT OPORTUNITY* !!! New architectural drawings available. Future development potential*: o 4 unit condominium each unit 3 bed, 2.5 bath: Total SF: 8133 SF ? Unit A: 1860 SF @ 360 $/SF= 669,600.00 ? Unit B: 1869 SF @ 360 $/SF= 672,840.00 ? Unit C: 1980 SF @ 410 $/SF= 811,800.00 ? Unit D: 1994 SF @ 410 $/SF= 817,540.00 ? Common Area: 431 SF o Total Gross proceeds: 2,971,780.00 ? Less initial investment @ 849,000.00 ? Less carrying cost, construction cost, interest, ect @ 900,000.00 o Total potential net PROFIT*: 1,222,780 Current status of the building : o 4 units , FULLY occupied, all of them 1 bed +1 bath+ den o Total building Size 3244 SF** o Currently rented @: ? Apt 1: 1375,- + utilities, landlord pays trash/water/sewer ? Apt 2: 1400,- + utilities, landlord pays trash/water/sewer ? Apt 3: 1400,- + utilities, landlord pays trash/water/sewer ? Apt 4 1425,- + utilities, landlord pays trash/water/sewer o Annual Gross income: 66,900,- o Expenses (estimated) : water, sewer, taxes, insurance, ect : 15369,- o NOI (net operating income) : 51,531 o Current Cap rate: 4.6% STRICTLY SOLD AS IS ! *Not a financial advice, actual results might differ. **According to tax records *** pictures and plans for informational purposes only and might not present actual condition.

Property Details of 1729 Trinidad Avenue NE

Property Details

Map Location

Listed by Alexandra I Burrell-Hodges of Cottage Street Realty LLC

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