16 Single Family homes Portfolio in Salisbury | 707-737 N Westover Dr
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16 Single Family homes Portfolio in Salisbury 707-737 N Westover Dr
16 Unit Block of Flats £1,564,900 (£97,806/Unit) 9.50% Net Initial Yield Salisbury, MD 21801
Investment Highlights
- 16 single family homes in great location, all long-term tenants with excellent cash flow!! Most homes getting $11100 a month plus utilities.
- Great location, affordable housing in Salisbury Md. Very low operating expences!
Executive Summary
Package deal! 16 total single-family homes all tenant occupied! Big cash flow. 9.5 +- CAP RATE!! Properties are 707,711,713, 715,717,719,721,723,725,727,729,731, 733,735,737 North Westover Drive and 731 West Rd. All properties lead free certified. Long term tenants! Call listing agent for details. Do not contact or bother tenants!!!! Total monthly rents gross $17,600 plus or minus. Call listing agent for details. Tenants pay utilities. Pic was taken of one of the homes prior to current tenant moving in. The value here is in the income numbers. These numbers are hard to beat!! Tenants tend to stay long term!! Call Billy for details at 240-367-6122.
CURRENT RENTS
707 $1100, 711 $1100, 713 $1100, 715 $1100, 717 $1100, $719, $1100, 721 $1100, 723 $1100, 725 $1100, 727 $1100, 729 $1100, 731 $1100, 735 $1100, 737 $1100, and $ 1100 West Rd
$1100.
CURRENT RENTS
707 $1100, 711 $1100, 713 $1100, 715 $1100, 717 $1100, $719, $1100, 721 $1100, 723 $1100, 725 $1100, 727 $1100, 729 $1100, 731 $1100, 735 $1100, 737 $1100, and $ 1100 West Rd
$1100.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£165,253
|
£19.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£165,253
|
£19.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£15,649
|
£1.85
|
| Net Operating Income |
£149,604
|
£17.71
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £165,253 |
| Annual Per SF | £19.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £165,253 |
| Annual Per SF | £19.56 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £15,649 |
| Annual Per SF | £1.85 |
| Net Operating Income | |
|---|---|
| Annual | £149,604 |
| Annual Per SF | £17.71 |
Property Facts
| Price | £1,564,900 | Apartment Style | Single Family Home |
| Price Per Unit | £97,806 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Net Initial Yield | 9.50% | Building Size | 8,448 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 16 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1947 |
| Property Subtype | Apartment |
| Price | £1,564,900 |
| Price Per Unit | £97,806 |
| Sale Type | Investment |
| Net Initial Yield | 9.50% |
| Sale Conditions | 1031 Exchange |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 8,448 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1947 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
1 of 1
zoning
| Zoning Code | Residential (Off street parking.) |
| Residential (Off street parking.) |
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16 Single Family homes Portfolio in Salisbury | 707-737 N Westover Dr
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