Tuesday, December 18, 2007

Ontario Residential Income $4,300,000

Units: 30

Price/Unit: $143,333


GSI: $427,200


Total Bldg SQFT: 28,960

Year Built: 1965

Property Description: The Vine Apartments offers One single detached garage, patio or balcony for the one bedroom units and two patios for the two bedroom townhome units. The units are separately metered for electricity. The electric usage for this system is sub metered and is passed through to the tenants on a monthly basis.

Financial Analysis
Gross Sched Income: $427,200 Operating Exp: $156,228 Net Operating Income: $258,624
Total Annual Op Exp: $153,480

Monthly GSI: $31,715
Sep Water Mtrs: 0 Sep Gas Meter: 0 Sep Electric Mtrs: 0
Total Pkng: 28 # of Garages: 28



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