8-tenant owner financed strip mall! Property is fully occupied and currently generates over $10,000/mo in gross income.
Owner finance terms:
Loan amount: $1,020,000
Down payment: $200,000
Interest rate: 4%
30-yr Amortization, 3-year balloon
Monthly P&I payment of $4,869
Current gross rent roll: $10,475 ($125,700 Annually)
Annual Taxes: $7,950
Annual Insurance: $15,726
Annual Garbage: $2,995
Annual Utilities: $7,896
Total Annual Expenses: $34,576
NOI: $91,124
Monthly Cashflow after debt service: ($2,724/mo or $32,696 Annually)
Value Ad Opportunity to create NNN leases and in turn increasing NOI to $125,700. Increasing cashflow after debt service to $5,606/mo or $67,272 annually.
Interested? Call Shane 619-717-0845