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324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
PROPERTY OVERVIEWOutstanding mix of single, duplex, and triplex properties with greatcash flow. These properties are very well taken care of andmanaged, with one of the properties being completely rebuilt in2017. The package offers strong monthly rents and low cost ofoperation. Very attractive CAP and Cash on Cash return. Thispackage of properties would be make an ideal expansion of anexisting portfolio or ideal start for a new investor.
PROPERTY FEATURES12 Properties with 23 units
Mix of 1,2, and 3 bedroom units
Mix of Single Family, Duplex, Triplex, and Fourplex properties
$12,630 in scheduled monthly income ($151,560 annual)
SALE PRICE: $625,000
UNITS: 23
PROPERTIES 12
PRICE PER UNIT: $27,174
CAP RATE: 11.53%
GRM: 4.12
NOI: $72,046
BUILDING SIZE: 25,567 SF
ZONING: R-1 And R-2
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
INVESTMENT OVERVIEW 2017 PROFORMA FINANCIALS
Price $625,000
Price per Unit $27,173
GRM 4.1
CAP Rate 11.5%
Cash-on-Cash Return (yr 1) 49.98 %
Total Return (yr 1) $44,630
Debt Coverage Ratio 2.03
OPERATING DATA 2017 PROFORMA FINANCIALS
Gross Scheduled Income $151,560
Other Income -
Total Scheduled Income $151,560
Vacancy Cost $0
Gross Income $151,560
Operating Expenses $79,514
Net Operating Income $72,046
Pre-Tax Cash Flow $36,487
FINANCING DATA 2017 PROFORMA FINANCIALS
Down Payment $73,000
Loan Amount $552,000
Debt Service $35,559
Debt Service Monthly $2,963
Principal Reduction (yr 1) $8,143
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
INCOME SUMMARY 2017 PROFORMA FINANCIALS PER SF
Gross Collected Rents $151,560 $5.93
GROSS INCOME $151,560 $5.93
EXPENSE SUMMARY 2017 PROFORMA FINANCIALS PER SF
General Expense $23,569 $0.92
Utilities $43,964 $1.72
Taxes $11,981 $0.47
GROSS EXPENSES $79,514 $3.11
NET OPERATING INCOME $72,046 $2.82
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
UNITNUMBER
UNITBED
UNITBATH
CURRENTRENT
110 N 3rd St A 2 1 $500
110 N 3rd St B 3 1 $500
1224 Washington A 2 2 $650
1224 Washington B 2 1 $600
1533 Maple Grove A 1 1 $550
1533 Maple Grove B 1 1 $550
1533 Maple Grove C 1 1 $550
204 E Gough A 2 1 $780
204 E Gough B 1 1 $650
204 E Gough C 1 1 $525
208 E Gough A 2 1 $550
208 E Gough B 2 1 $550
219 4th St A 3 1 $575
219 4th St A 3 1 $600
324 Moore St A 1 1 $550
324 Moore St B 1 1 $550
324 Moore St C 1 1 $550
324 Moore St D 1 1
408 S 3rd St 3 1 $750
517 Elm St A 2 1 $500
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
UNITNUMBER
UNITBED
UNITBATH
CURRENTRENT
517 Elm St B 2 1 $600
707 S 5th St A 2 1 $450
707 S 5th St B 2 1 $550
$12,630
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
EVANSVILLE, IN812.422.40964004 E Morgan Ave,Ste. 200Evansville , IN 47715
evansvillerealestatefinder.com
CHARLIE BUTLERCommercial & Residential [email protected] #RB14034751
JUSTIN LONGCommercial [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
* Demographic data derived from 2010 US Census
324 Moore St, Boonville, IN 47601
BOONVILLE MULTI-FAMILY PORTFOLIO
MULTIFAMILY FOR SALE
ETHNICITY 1 MILE 5 MILES 10 MILES
% HISPANIC 0.4% 0.6% 1.8%
RACE 1 MILE 5 MILES 10 MILES
% WHITE 92.1% 92.9% 94.1%
% BLACK 0.9% 1.0% 0.9%
% ASIAN 1.3% 1.2% 1.5%
% HAWAIIAN 0.0% 0.0% 0.0%
% INDIAN 0.0% 0.0% 0.1%
% OTHER 2.6% 2.7% 1.8%
POPULATION 1 MILE 5 MILES 10 MILES
TOTAL POPULATION 229 6,031 40,824
MEDIAN AGE 41.9 41.4 39.0
MEDIAN AGE (MALE) 42.0 41.3 38.2
MEDIAN AGE (FEMALE) 41.8 41.3 39.8
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
TOTAL HOUSEHOLDS 82 2,185 14,819
# OF PERSONS PER HH 2.8 2.8 2.8
AVERAGE HH INCOME $89,174 $84,742 $85,852
AVERAGE HOUSE VALUE $187,491 $179,164 $162,424