for sale 4 units in zion, illinois - graff realty, … · apartment sales is our business! for sale...

Apartment Sales is Our Business!

FOR SALE4 UNITS IN ZION, ILLINOIS

2024 Hebron Avenue

Coin laundry for added income!

New (pitched) roof in 2004

Newer refrigerators, stoves, dishwashers,a/c units, storm doors, upper storm windows

Tenants pay electric, heat, hot water

Four 2-bedroom apartments

Modern (1987) brick building

FEATURES:

$22,356NET OPERATINGINCOME

12,588Expenses

$34,9441,200Laundry

-1,776Vacancy (5%)$35,520GROSS INCOME

www.graffrealty.com

MEL METTS847-949-6045

CALL:

$317,900ASKING:

2024 Hebron Avenue


11/30/05745745Two-bedroomD

Vacant745Two-bedroomC

M-T-M575745Two-bedroomB

M-T-M725725Two-bedroomA

Lease EndsSecurity DepositRent2024 Hebron Avnue

RENT ROLL


The information contained herein has been obtained from the owner of the property or from other sources believed to be reliable. We have noreason to doubt its accuracy, but we do not guarantee it.

Property Analysis 04-17-432-031

Price $ 317,900

Units: 4

Price Per Unit: $ 79,475

2024 Hebron Avenue, Zion IL 60099 Source

SCHEDULED ANNUAL INCOME (GSI ($ 2960 /month x 12) O $ 35,520

Vacancy Factor: 5 % (1,776) B

Miscellaneous Income: Laundry 1,200 O

EFFECTIVE GROSS ANNUAL INCOME: $ 34,944

ESTIMATED ANNUAL EXPENSES:

Real Estate Taxes (TAX) [2004] 8,848 O

Electricity (ELEC) Common Areas 520 O

Water/Sewer/Garbage (WTR) 2,154 O

Insurance (INS) 1,066 O

TOTAL ESTIMATED ANNUAL EXPENSES: $ 12,588

% Scheduled Gross Income: 35.4 %

Annual Expense/Unit: $3,147

ESTIMATED NET OPERATING INCOME: $ 22,356

CAP RATE 7.0%

GROSS RENT MULTIPLIER 8.9

DEBT SERVICE % Fin Rate Amort. Years Monthly Pmt. Annual Pmt.

First Mortgage 80 6.5 30 1607.48 19289.76

ANNUAL $3,066 CASH FLOW 1.16 DEBT COVERAGE 19289.76

The information contained herein has been obtained from the owner of the property or from other sources that are believed to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

10/25/2005

ASSUMPTIONS:1. Variable expenses (Source B) are provided by broker based on market averages, and are not intended to be all-inclusive.

2. Fixed expenses are owner's actual for prior year, based on MLS listing information (Source O).

LISTING #: 05272143 STATUS: NEW CTGF: AREA: 99 TWO TO FOUR UNITSLDR: 10/24/05 OLP: $ 317,900LD: 10/22/05 MT: 4 LP: $317,900OMD: SP: $ CONTRACT DATE: SO: FIN: 0CLOSED DATE: SAG: PNT: $ AD: 2024 HEBRON AVE CIT: ZION ZIP: 60099-0DIR: LEWIS & 173, EAST TO HEBRON, SOUTH TO 2024 CT: 0.0CNY: LAKE TWN: BENTON OWN: FS WF: N SUB: ZION CITY TNU: 4CRP: ZION MODEL: 4-FLAT BLT: 1987 B78: N BMT Y PKN S CARS 8 BD3 NACR 0.27 DIM 84 X 141 TAX 8848 TXY 04 TXC NSAS N MP N PIN 0417432031 TTL RMS: 16 TTL BR: 8 TTL BTH: 4.0AZN: R5 WI CI UNIT #1 FL 1 RMS 4 BR 2 BTH 1 SD 725 RENT 725 LEASE EXP M-T-MUNIT #2 FL 1 RMS 4 BR 2 BTH 1 SD 575 RENT 745 LEASE EXP M-T-MUNIT #3 FL 2 RMS 4 BR 2 BTH 1 SD 50 RENT 745 LEASE EXP M-T-MUNIT #4 FL 2 RMS 4 BR 2 BTH 1 SD 0 RENT 745 LEASE EXP VAC

REMARKS: BRICK 4-FLAT; ALL ELECTRIC WITH SEPARATE UTILITIES. TENANTS PAY ELECTRIC, ELECTRIC HEAT, HOT WATER. NEWER REFRIG, STOVES, DISHWSHRS & A/C UNITS. NEW ROOF IN 2004. COIN LAUNDRY (OWNED-NOT LEASED) FOR ADDED INCOME. THIS IS AN EXCELLENT INVESTMENT WITH LOW OPERATING EXPENSES! PLEASE DO NOT DISTURB TENANTS. CALL LISTING AGENT TO SHOW.

ANNUAL EXPENSES ANNUAL INCOME COORDINATESHTE: TENAN INE: 1066 JNE: 0 MSI: 1200 GS: WEST 006 NORTH: 40GSE: NONE SCE: WTR MSE: 0 RTI: 35520 JH: CENTRA 006 WEST: 11ELE: 520 WSE: 2154 GRI: 34944 HS: ZION B 126 EAST: 0MGF: 0 RME: 0 GRE: 12588 NOI: 22356 OT: SOUTH: 0

AGE 11-25 YRS INF L/A M/ACCMPNYAMN LSZ .25-.49 ACAP1 STOVE, REFRIG, DISHWSHR, WNDW A/C LDS AP2 STOVE, REFRIG, DISHWSHR, WNDW A/C NCO AP3 STOVE, REFRIG, DISHWSHR, WNDW A/C OAI COIN LNDRYAP4 STOVE, REFRIG, DISHWSHR, WNDW A/C OTR BAS PARTIAL POS CLOSING, TENANT'S RTSBAT ROF ASPHLT/GLS-SHNGLEQP TV-CABLE, CEILING FAN, SUMP PUMP STY EXT BR TMU 4 FLATFND CONCRETE TRM CONV, FHA, VAGAR ON-SITE TP1 ELECTRIC, HEATHEA ELECTRIC, BASEBOARD, 2+SEP HT SYS, INDV CNTRLS TP2 ELECTRIC, HEATIMPW PUBLIC TP3 ELECTRIC, HEATIMPS SEWER-PUB, SEWER-STRM TP4 ELECTRIC, HEATIMPO CURBS/GUTTERS, SIDEWALKS, STREET LIGHTS, STREETS PAVED INTERNET LISTING ALLADI Y REMARKS INTERNET YCC 2.5% - $100 LIST E SCI N HEM Y

E-MAIL [email protected]

SHO: CALL LIST AGT 847-949-6045 L/A MUST ACCOMP-24 HR NOTICE

OWNER: OWNER OF RECORD AON: N PHONE: BROKER: GRAFF REALTY ID#: 2204 PHONE: 847-587-4900AGENT: MEL METTS ID#: 18490 PHONE: 847-949-6045COLIST: AAN:

INFORMATION NOT GUARANTEED, CHECK FLOOD INS., RM.SZ. ROUNDED TO THE NEAREST FOOT

Graff Realty, Inc. Sold Comparables

05170703.COMMENTS

Gas TElectric:

ELEC BSBDHeat Type

9/15/2005Date Sold

$295,000Sales Price

$305,000List Price

$32,832Gross Inc (EGI)

$11,011Annual Expense

$21,821Net Oper Inc

7.4CapRate

8.5GRM

31.9%Expense %

$73,750Price/Unit

4101-07 DOUGLAS AVENUE ZION, IL

4Total Units 4BR 3BR

42BR 1BR EFF/STUDIO OTHER

Who Pays (O)wnr/(T)enat?

05125880COMMENTS

OGas TElectric:

HTWTR,GAHeat Type

8/18/2005Date Sold

$307,500Sales Price

$315,000List Price



$20,697Net Oper Inc

6.7CapRate

8.3GRM

38.9%Expense %

$76,875Price/Unit

2900 ELIZABETH AVE ZION, IL




05147110COMMENTS

OGas TElectric:

HTWTR,GAHeat Type

8/18/2005Date Sold

$307,500Sales Price

$315,000List Price



$18,892Net Oper Inc

6.1CapRate

8.8GRM

41.0%Expense %

$76,875Price/Unit

2904 ELIZABETH AVE ZION, IL




The information contained herein has been obtained from the owner of the property or from other sourcesbelieved to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

10/24/2005

Graff Realty, Inc. Sold Comparables

05090396COMMENTS

OGas TElectric:

GAS HTWTHeat Type

6/6/2005Date Sold

$213,000Sales Price

$209,999List Price



$20,526Net Oper Inc

9.6CapRate

5.8GRM

38.7%Expense %

$53,250Price/Unit

2313 SALEM ZION, IL




04244474COMMENTS

OGas TElectric:

GAS HTWTHeat Type

5/13/2005Date Sold

$289,900Sales Price

$299,900List Price



$18,953Net Oper Inc

6.5CapRate

8.4GRM

41.6%Expense %

$72,475Price/Unit

2319 LEWIS ZION, IL




The information contained herein has been obtained from the owner of the property or from other sourcesbelieved to be reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

10/24/2005

THIS IS A CONFIDENTIAL MARKETING BROCHURE intended to assist a potentialpurchaser in an initial review of the real property presented here. Theselected information is not all-inclusive and does not contain all theinformation an investor may desire. Neither the owners nor GRAFF REALTYor any agent or employee make any representation or warranty,expressed or implied, as to the accuracy or completeness of this brochureor any of its contents.

Interested persons are expected to do an independent review of anyprojections and all documents relating to the property. Any projectionscontained herein are based on assumptions about the current and futuremarket conditions, and the general economy which are beyond thecontrol of GRAFF REALTY, and therefore subject to material variation.

This information is of confidential and proprietary nature, and you are notto disclose this information directly or indirectly without prior writtenpermission of the owners. This brochure may not be duplicated withoutthe consent of GRAFF REALTY.

Pursuant to regulations enacted by the State of Illinois relative todisclosure of representation by broker or sales associate, in alltransactions relative to this property, GRAFF REALTY is representing theowner. However, in any situation where there is not a cooperating brokerrepresenting the purchaser, GRAFF REALTY is deemed to also berepresenting the purchaser.

THIS OFFERING IS SUBJECT TO CHANGE AND MAY BE WITHDRAWN WITH OR WITHOUTNOTICE. THIS CONFIDENTIAL DOCUMENT SHALL NOT BE DEEMED A REPRESENTATION OFTHE STATE OF AFFAIRS OF THE PROPERTY AND THERE MAY HAVE BEEN CHANGES IN THEOPERATIONS SINCE THE DATE OF PREPARATION OF THIS DOCUMENT.


for sale 4 units in zion, illinois - graff realty, … · apartment sales is our business! for sale...

Documents