Vacant land Corner lot Bloomfield place and broadway this spot is an extreme hot spot PLEASE DONT CALL THE OWNER. Please send your offer at safegolf@yahoo.com and we will take the highest offer within 30 days. ---------------------------------------------------------------------------------------------------------------------- Good Afternoon, Attached to this email is the Architect drawing we spoke about previously. As you may recall, the Architect Drawing features a 5-story building with the following details: 5 stores located on the first floor, with a complete basement, as shown in the drawing. We expect the rent for each store to be higher than $4k a month. With an annual income of $240k. (Note: as represented by the drawing, the first floor may be 1 huge store or 5 separate stores). 2 floors include 10 apartments with a minimum rent of $2800. With an annual income of about $340k. Plus, 5 duplex apartments with a minimum rent of $6000 per month. With an annual income of about $350k. The building has 4 billboards with a rent of 10k a month each. With an annual income of about $450k. The total annual income for the building is about $1.38M. We are expecting that maintenance and operation costs will be around $200k plus $100k tax costs. Which leaves a net profit of about $1 Million. Building Costs: The area that the building will cover is 6600 square feet. Basement Costs: 6600*$160= $1.056M Stores Costs: 6600*$150= $990k 4 floors Costs: 4*6600*$120= $3.168M ---------------- Whole building cost: $5.214M Note: These are just estimated NOT EXACT values This Draft Feasibility study varies per company and we encourage you to do your own research. The feasibility study shows that this is a profitable project. If we include the lot price which we believe is worth $2-$3 Million, the whole cost for the project comes up to $7-$8 Million. The return of your investment will be about 15 percent. We hope this email finds you well, clearing up any concerns you may have while considering the value of the lot. Thank you, Moustafa Elnore Safe Trading Group LLC.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
