Short Sale Approved Net ~ $377k
North Fort Myers FL
16 Units. All consisting of - 2bed / 1bath
All units are Currently Vacant.
Laundry House aside the 16 units on picture below.
$11,200.00 (x 12) $134,400.00 16 Units x $700 Rent per month.
$1,416.66 $17,000.00 Taxes
$1,416.66 $17,000.00 Insurance plus wind Coverage
$120.00 $1,440.00 Electrical
$375.00 $4,500.00 Water
$100.00 $1,200.00 Dish Network
$1,000.00 $12,000.00 Property Care Taker + Living Facilities included.
$6,771.68 $81,260.00
Estimated Monthly Income: $6,771.68
Add any necessary deductions as you feel adequate based on your management skills.
$$$$$$$$$
General Parcel Information.
Parcel ID: XXXXXXXXX Property Address:
Old Parcel ID Number: 00XXXXXXXX Property Zip Code:
Business Name: XXXXXX APARTMENTS Section-Township-Range:
Map Number: XXXX Zoning Code: RMF10
Current Use: MULTI-FAMILY 10 UNITS OR MORE Roads: PAVED
Future Land Use (Comp. Plan): HIGH DENSITY RESIDENTIAL Taxing District: 104
Utilities: WATER Market Area / Neighborhood: 03 /25
Waterfront: NO SOH Base Year:
FEMA Flood Zone (Effective 5/5/2003)
Firm Panel Floodway SFHA Flood Zone FIPS COBRA Community Base Flood Elevation (ft.)
Ownership Information
Owner Name: XXXXXXX
Address: XXXXXXX
Ownership current through: 6/9/2010
Sales Information
Date Book/Page Sales Codes Selling Price
12/1994 IMPROVED $125,000
11/1998 IMPROVED $375,000
2 /2002 IMPR-MULTI $470,000
1 /2004 IMPR-MULTI $725,000
2009 Value Summary*
Land
Land
Improvements
Building
Damage
Total
Cost Approach $86,340 $5,612 $631,116 $0 $723,068
Income Approach $1,270,750
Market Approach N/A
Classified Value N/A
2009 Certified Tax Roll Values, as of January 1, 2009
*Just Value reflects 193.011 adjustment.
Non-School
School
Certified Just Value: $614,608 $614,608
Certified Assessed Value: $614,608 $614,608
Certified Exemptions:
Certified Taxable Value: $614,608 $614,608
Preliminary Value Summary,* as of January 1, 2009 *
*Preliminary values within this box are NOT certified (final) values. Consequently, they can change periodically as records are updated. Notices of Proposed Property Taxes (TRIM Notice) are typically mailed mid-August and final values certified mid-October. Just Value reflects 193.011 adjustment.
Non-School
School
Preliminary Just Value: $614,608 $614,608
Preliminary Assessed Value: $614,608 $614,608
Preliminary Exemptions:
Preliminary Taxable Value: $614,608 $614,608
Land Information
Line Description Land Use Zoning Unit Type Unit Rate Units Depth Table/ Factor Acreage Land Value
1 MAT 000 0000 0012 0300 32 $7,195.00 1 0 0 $7,195
2 MAT 000 0000 0013 0300 32 $7,195.00 1 0 0 $7,195
3 MAT 000 0000 0014 0300 32 $7,195.00 1 0 0 $7,195
4 MAT 000 0000 0015 0300 32 $7,195.00 1 0 0 $7,195
5 MAT 000 0000 0016 0300 32 $7,195.00 1 0 0 $7,195
6 MAT 000 0000 0017 0300 32 $7,195.00 1 0 0 $7,195
7 MAT 000 0000 0018 0300 32 $7,195.00 1 0 0 $7,195
8 MAT 000 0000 0019 0300 32 $7,195.00 1 0 0 $7,195
9 MAT 000 0000 0020 0300 32 $7,195.00 1 0 0 $7,195
10 MAT 000 0000 0045 0300 32 $7,195.00 1 0 0 $7,195
11 MAT 000 0000 0046 0300 32 $7,195.00 1 0 0 $7,195
12 MAT 000 0000 0047 0300 32 $7,195.00 1 0 0 $7,195
Land Improvement Information
Code Description Size Year Built Year Condition
1100
Cl. Fence 4' (l/f) 56
1995 1995
1310
Paving Asphalt 6242
1988 1988
1320
Paving Concrete (sq. Ft.) 2612
1988 1988
1740
Lights - Ave. (number) 4
1988 1988
Building Information
Building Number Description Quality Building Use Year Built Year Cond Floors Rooms Living Area A/C Area Total Area
1 Multi-family 10 units or more 3.0 0300 1935 1982 2 0 11216 11216 13743
2 Miscellaneous Residential 2.5 0700 1960 1975 2 0 528 528 1134
Building Appendage Information
Bld # Code Description Area Year Built Year Cond
1 1021 Wood Stairway (FLT) 3 1935 1982
1 904 Slab Porch (SF) with Roof 2524 1935 1982
Building Component Information
Bld # Code Description
1 169 Masonry, Stucco on Block
1 211 Galvanized Metal
1 351 Warmed & Cooled Air
1 402 Automatic Floor Cover Allowance
1 601 Plumbing Fixtures (#)
1 602 Plumbing Rough-ins (#)
1 621 Slab on Grade (% or SF)
1 622 Raised Subfloor (% or SF)
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisers. You and your advisers should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Christopher A White
Fast Note Seller
806-401-1015
Cashnotes2010@gmail.com
http://twitter.com/fastnoteseller
http://www.myspace.com/cashnotefinder
http://fastnoteseller.blogspot.com/
DISCLAIMER: Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a Consultant and makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer.
