Other in the USA, Alabama, New York For Sale

New York, Alabama, the USA
1 414 300 €
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
Other in the USA, Alabama, New York
  • Plot Area: 41237 sq.m.

Description

For sale is a closed-type residential complex built in 1970, consisting of 14 Class C buildings with 106 townhouses with all necessary infrastructure, including a fitness center, an outdoor swimming pool, a children's playground, and parking. The size of the land is 10. 19 acres. Excellent location of the complex: near the International Airport and the business center of Atlanta in the state of Georgia. 

The cost of selling the complex is $ 3. 55 million. 

We offer the possibility of obtaining bank financing (mortgages for the object) up to 75% of the cost! 

All apartments in the complex are rented, the occupancy rate is currently 95%. 

The average rent for an apartment of 100 m2 is $ 750 per month. 

The goal of the project is to take the complex into management for 3-5 years, to increase the efficiency of activities by reducing the costs of maintaining the complex and gradually increasing the rent. At the end of the project, it is planned to sell it for $ 5. 32 million, while maintaining the level of annual returns in the range of 7. 5%. 

The acquisition price of the complex: $ 3. 92 million (including closing costs): 
The amount of private investment: $ 1. 256 million (it is possible to attract a pool of investors) 
Bank financing: $ 2. 66 million at 4. 75% per annum 
Commissions, legal services, closing costs: $ 0. 37 million 

Calculation of profitability: 

  • Selling price: $ 5. 32 million 
  • Closing costs: $ 0. 266 million 
  • The rest of the bank loan taking into account %%: $ 2. 43 million 
  • Return to private investors: $ 1. 256 million 
  • Total sales income: $ 1. 36 million

Income of Private Investors: 

  • Share of income from 
    resale: $ 0. 681 million 
  • Cash Flow profit for 5 years (minus payments on loans and capital expenditures): $ 0. 54 million 

    TOTAL: $ 1. 22 million or 97% on initial investments 
    ($ 1. 22 million / $ 1,256 = 97%) or 19. 44% per year

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