Tax Parcel: 109-257 | 3.58 Acres | Brickyard Road Properties | 3 Houses
#342: Brickyard Road – House (currently occupied)
- Rent $800/Monthly (currently behind)
- 3 Bedroom | 1 Bath w/ y2 basement | Approx. 1,000 SqFt w/ poured foundation
- Private Septic
- Central HVAC
- Separate Electric Meter
- Large Pressure Tank | *Main well for #342, # 354, and 377*
#354: Brickyard Road – House (currently occupied)
- Rent $600/Monthly
- 2 Bedrooms | 1 Bath | Approx. 900 SqFt
- Shared well from #342
- A/C window unit | Electric Heat
- Private Septic
- Separate electric meters
#377 Brickyard Road – House (currently occupied) – Tenant is moving within 30 days
- Rent $600/Monthly (currently behind 2 months)
- 2 Bedroom | 1 Bath | Approx. 900 SqFt
- Shared well w/#342
- A/C window unit | Electric Space Heat
- Crawlspace
- Private Septic
- Separate electric
Tax Parcel: 109-258 | 3.31 Acres | Memory Lane Properties | 3 Houses | 2 Mobile Homes
#29 Memory Lane – House (vacant)
- Est Rent $800/Monthly (currently behind 2 months)
- 2 Bedroom | 1 Bath | Approx. _____ SqFt w/ partial basement & poured foundation
- Private Septic
- Central HVAC
- Separate electric
- Shared well from #29
#43 Memory Lane – House (vacant)
- Est Rent $1,100/Monthly
- 3 Bedroom | 2 Bath | Approx. _____ SqFt w/ partial basement | Poured Foundation
- Under Renovation w/materials included for remodeling
- Central HVAC
- Separate electric
- New floor joists, sub floor etc.
#79 Memory Lane – House (occupied) | *Tenant in park for 30 years*
- Rent $400/Monthly
- 2 Bedroom | 1 Bath
- Private Septic
- Central HVAC
- Shared well from #29
#99 Memory Lane – Single Wide Trailer (occupied)
- Rent $600/Monthly
- 2 Bedroom | 1 Bath
- Central HVAC
- Separate electric
- Private septic
#105 Memory Lane – Single Wide Trailer (vacant)
- Rent $600/Monthly
- 1 Bedroom | 1 Bath
- Window AC
- Separate electric
- Oil Heat | Propane Stove
- Private Septic
Cash Flow Analysis: Estimated Rents/Actual Rents
#342 Brickyard Rd : $800 Occupied
#354 Brickyard Rd: $600 Occupied
#377 Brickyard Rd: $600 Occupied – Tenant Moving out | 30 Day notice
#29 Brickyard Rd: Est $800 Vacant
#43 Brickyard Rd: Est $1,100 Vacant
#79 Brickyard Rd: $400 Occupied
#99 Brickyard Rd: $600 Occupied
#105 Brickyard Rd: $600 Occupied
Total: $5,500 monthly & $66,000 yearly
Income Approach: Est gross income $66,000
Credit loss & vacancy: $6,480 | 10%
Adjusted gross: $58,320
Taxes, Insurance, maintenance, reserves, replacements etc.: $17,496 (30%)
Net operation income: $40,824
Capitalization Rate: 12%
Market Value: $340,200
Tax Assessed Value $455,600
2017 Appraised Value: 410,000
Listed: $275,000
