DISCRIPTION: FIVE (5) THREE FAMILY HOUSES BRAND NEW CONSTRUCTION, 3 STORY BUILDING, SOLID BRICK, 1ST FLOOR- 2 BEDROOMS EACH, 2ND & 3RD FL- 3 BEDROOMS EACH MONTHLY RENT ROLL 758 LIVONIA AVE. APT# _ MONTHLY RENT LEASE EXPIRATION 1F- $ 1,538.15 6/30/15 2F- $ 1,538.15 6/30/15 3F- $ 1,591.20 6/30/15 760 LIVONIA AVE. APT# _ MONTHLY RENT LEASE EXPIRATION 1F- $ 1,508 10/31/14 2F- $ 1,350 1/31/17 3F- $ 1,500 4/30/16 574 VAN SICLEN AVE APT# _ MONTHLY RENT LEASE EXPIRATION 1F- $ 1,644.24 6/30/15 2F- $ 1,450 4/30/17 3F- $ 1,491 (Lease Renewing) 576 VAN SICLEN AVE APT# _ MONTHLY RENT LEASE EXPIRATION 1F- $ 1,384 (Lease Renewing) 2F- $ 1,612 6/30/14 3F- $ 1,552 1/31/14 578 VAN SICLEN AVE APT# _ MONTHLY RENT LEASE EXPIRATION 1F- $ 1,500 4/30/16 2F- $ 1,695 8/31/13 3F- $ 1,560 10/31/14 TOTAL ANNUAL RENT: $274,964.88 (TENANTS PAY THEIR OWN HEAT) EXPENSES: REAL ESTATE TAXES:------------------------------------- $ 4,700.00 Per house WATER & SEWER:----------------------------------------- $ 1,500 ELECTRIC (PLP) ------------------------------------------ $ 1,000 INSURANCE: ---------------------------------------------- $ 816.00 TOTAL EXPENSES:-------------------------------------------- $8,016.00 TOTAL NET------------------------------------------------------- $ 266,948.88 OFFERING 6% Cap -- 3,779,000.00 CALL TO SAM-646-573-8893
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