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Tampa, |
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Purchase Price |
$6,000,000 |
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Cap Rate |
0.87% |
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Property Type |
Residential |
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Rentable Square Feet |
146,760 |
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Price per RSF |
$40.88 |
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Number of Tenants |
120 |
| | | Property Description |
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120 townhome conversion units in a projct that includes a total of 168 townhomes including garages.
Built in 1984. FHA approved.
Recent sales from mid 2008 are at an average of $160 per square foot.
Vacancy is high today but stabilizing the property within 12 months will produce great results for a value add investor :
*** Net cash flow - 11.91%
*** IRR - sell in 5 years - 39.4%
*** ROI Cumulative - 397%
WWW.GLIXUS.COM |
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| Presented To You By |
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Sean Glickman, CIPS TRC CSP
561-488-7766
seanglickman@gmail.com
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STIRLING SOTHEBY'S
INTERNATIONAL REALTY |
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The information above has been obtained from sources believed reliable. While
we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property.
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