Oct 31 (edited) • Tools and Resources
I can do the deal for this $7,500 Ernest will pay back on signing– 19-UNIT MULTIFAMILY | ILLINOIS
Respectfully I would like to ask for some assistance with the down $7,500 paid back on signing we can discuss you profit for lending.
I can do the deal for this $7,500 Ernest will pay back on signing– 19-UNIT MULTIFAMILY | ILLINOIS
19-UNIT MULTIFAMILY | ILLINOIS
Purchase Price: $649,900
Renovation Estimate: $70,000
Total Units: 19 (17 in main building, 2 in secondary)
Current Gross Rent: $14,800/month
Projected Gross Annual Revenue: $177,600
Expense Ratio: 45%
Projected NOI: $97,680
Possibly could make $800,00- $999, 900 after renovations
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🔑 Property Highlights
Solid all-brick construction with new roof
Separated electric meters, city water, and sewage
Low maintenance design and systems
Excellent value-add potential through renovations
Located in a strong rental area with consistent tenant demand
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💰 Investment Options
Option 1 – Bank Financing
Offer: $600,000
$7,500 Ernest
Down Payment: 20% ($114,000)
Interest Rate: ~7%
Debt Service Ratio: 2.40
Loan-to-Value: 72.93%
Monthly Free Cash Flow: $4,513.74
Cash-on-Cash Return: 27.72%
Per Door Cash Flow: $265.51
📈 Why This Deal Works
Strong existing cash flow with clear path to higher rents
Quality construction reduces long-term capex risk
Favorable financing terms and multiple deal structures
Opportunity to scale equity and build wealth through renovations and refinancing
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📞 Let’s Connect
assist with escrow
Contact: Erika Webster
📞 727-776-7209
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OPPORTUNITY – 19-UNIT MULTIFAMILY | ILLINOIS
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I can do the deal for this $7,500 Ernest will pay back on signing– 19-UNIT MULTIFAMILY | ILLINOIS
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