8 Unit Apartment Building $8000 postive cash flow yearly see the report

8 Unit Apartment Building 80% LTV

5401 5th avenue south
birmingham, alabama 35212

sale price $320,000 at 80% LTV

All 2/1 units

The Grand Apartments
Statement of Income and Expenses
For Trailing 12 Months

Rental Income $21,784.00
Other Income 523.73
Total Income $22,307.75
Expenses
Leasing and Advertising $ 651.20
Administrative $ 680.80
Water & Sewer $ 2,705.82 (see notes)
Electric & Gas $ 2,477.01 (see notes)
Repair and Maintenance $ 4,731.00 (see notes)
Pest Control & Garbage $ 90.00
Management fees $ 1,631.54
Taxes $ 2,155.60
Insurance $ 2,343.68
Grounds $ 375.00

Total Operating Expenses $ 17,841.65 (see Notes)
NOI $ 4,466.100 (see notes)



Notes: the building is on one water line-- we are putting each unit on it's own meter.
Electrical on one meter - putting each unit on separate meter
Repair and Maintenance- building maintenance paid for 2 years by seller
Rent are being raise $100 per unit. Tenant are aware.

contact me at lee91104@earthlink.net

15 Unit Apartment Complex -- 80% LTV

fire demaged off the market-- we do have other
will list soon.

Zero Down No Closing Cost





1437 Pearson Ave SW
Birmingham, Al, 35211
15 unit 11 rented $375- $400 a month
sell 400K appraisal 500K
80% LTV
All 2/1 units
Cash flow when 100% Rented $6000


Water and Power paid by tenants


Trash pick up $50 a month


maintenance $ 200 monthly

contact me at lee91104@earthlink.net


Apartment Fiance
http://www.aimfundinggroup.net/apartmentprograms