Section 8 Multi Family Portfolios
Updated: May 20
4 Units Apartment
333 Eastern Ave Toledo Ohio I currently have a package of 8 Rented SFHs. 4 are Section 8 and 4 are cash paying Tenants. 4 are on the same street. All have long term tenants with lease extensions The package price is $228k+3% FEES with a Net Operating Income of 20%. -Three Units Rented. -$275 -$275 -$325 -Fourth Unit Vacant (close to rent ready). -Has Good Roof. -New Paint on Siding. -Vacant Unit needs kitchen and bathroom flooring. -Tenants pay all utilities -Taxes are $1500 yearly Please do your own due diligence!
96 UNITS APARTMENT PORTFOLIO
EASTSIDE TERRACE - 1230 E. 7TH ST EASTSIDE GARDEN - 1212 E. 1ST ST JACKSONVILLE, FL 32206 ASKING PRICE $6,130,000+ 3% buyers fee 7% CAP RATE SECTION 8 HUD CONTRACT SINCE 2001 C-CLASS BUILT IN 1970 APN'S ARE: EASTSIDE TERRACE 115135-0000 & EASTSIDE GARDEN IS 173144-000. EASTSIDE TERRACE HAS A PARCEL SIZE OF 2.69 ACRES & EASTSIDE GARDEN HAS A 1.38 ACRE PARCEL TENANTS PAY THEIR OWN ELECTRIC AS THE UNITS ARE INDIVIDUALLY METERED RENTABLE SQUARE FOOTAGE OF 62,568 & GARDEN 60,876SF EASTSIDE TERRACE HAS A PARKING RATIO OF 0.95/1,000 & EASTSIDE GARDEN IS 1.64/1,000 UNIT MIX: EACH PROPERTY HAS 9 STUDIOS, 9 ONE BEDROOM UNITS, 12 TWO BEDROOM UNITS & 18 FOUR BEDROOM UNITS (ACTUAL) EASTSIDE TERRACE ANNUAL GROSS $450,632 ANNUAL EXPENSES $235,696 NOI $214,936 (ACTUAL) EASTSIDE GARDEN ANNUAL GROSS $435,877 ANNUAL EXPENSES $230,774 NOI $205,103 Please do your own due diligence as every investor works differently!