612 N 11th St
Immokalee, FL 34142

NEW PRICE Bromelia Place 30 UNITS & TAX CREDITS BELOW WILL GIVE YOU A BREAK OUT WITH AND WITHOUT TAX CREDITS WITH TAX CREDITS OF $242,000 AS OF 2/28/17 CAP RATE WOULD BE 24.14% BROMELIA TENANTS 77% ARE SECTION 8 23 OUT OF THE 30 TENANTS ARE SECTION 8 I WOULD LIKE TO BRING TO YOUR ATTENTION A 30 UNIT 9 YEAR OLD 55+ GOVERNMENT RENT SUBSIDIZE PRICE $1,200,000 HERE IS THE INFO ON THE 30 UNIT IN COLLIER COUNTY IN NAPLES FLORIDA INVESTOR ON THE BOTTOM OF THE E-MAIL THERE IS A VIRTUAL TOUR TO VEIW PURCHASE PRICE OF $1,200,000 WITH APROX. $242,000 OF TAX CREDITS AS OF 2/28/17 28 -1 BR' S AND 2- 2 BR' S WHICH WILL TAKE GROSS RENTS TO $202,488.00 A YEAR I HAVE ATTACHED A SPREAD SHEET SHOWING THE TAX CREDITS OF $242,000 IF WE PUT THAT IN THE CALCULATION THE NEXT TWO YEARS CAP RATE WOULD BE APROX. FOR 2016 24.42% FOR 2017 AND 11.84% FOR 2018 I HAVE PRORATED TAX CREDITS TO 2/28/17 NOTE: SPREAD SHEET EXPENSES ALSO INCLUDE 3% VACANCY ALLOWANCE AND A 5% GROSS RENT MANAGEMENT FEE THESE NUMBERS ARE FROM THE 12/31/16 STATEMENT I- 75 TO NAPLES ,IMMOKALEE ROAD TURN EXIT GO EAST APROX. 20 MILES TO HWY- 29 THAN LEFT OR NORTH TO 11TH STREET TURN RIGHT OR EAST 1/2 MILE TO ADDRESS DO NOT DISTRUB TENANTS