190 Cleveland Ave
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190 Cleveland Ave
8 Unit Block of Flats £751,152 (£93,894/Unit) 7.23% Net Initial Yield Green Isle, MN 55338
Executive Summary
(2) 4-plexes side x side. $7,700 in monthly rental income. There are (2) PID's, this could be purchased via traditional financing with 2 loans.
This fully-occupied 8 unit in Green Isle offers a steady income stream with a proven track record.
Fully occupied. Each unit is individually metered.
This fully-occupied 8 unit in Green Isle offers a steady income stream with a proven track record.
Fully occupied. Each unit is individually metered.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £751,152 | Apartment Style | Low Rise |
| Price Per Unit | £93,894 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Net Initial Yield | 7.23% | Building Size | 6,624 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1976 |
| Price | £751,152 |
| Price Per Unit | £93,894 |
| Sale Type | Investment |
| Net Initial Yield | 7.23% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,624 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1976 |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | £743.33 | - |
| 1+1 | 2 | £665.08 | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £194,830 | |
| Land Assessment | £20,500 | Total Assessment | £215,330 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£20,500
Improvements Assessment
£194,830
Total Assessment
£215,330
zoning
| Zoning Code | R-2 (Multiple Family Residence District) |
| R-2 (Multiple Family Residence District) |
-
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190 Cleveland Ave
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