969 Brockway Ave Units 1-15

 Centrally located 15 unit apartment building adjacent to the main bus line. This fully occupied property produces $109,500 in gross annual income. There are 5 two bedroom/ one bath units, 9 one bedroom/ one bath units, and a studio unit in this building. Recent upgrades include a new high efficiency common water heater, new fence, and a new roof on the duplex building. The tenants love the common area which is fully fenced with grass and irrigation for BBQ’s. This is a great investment property in South Lake Tahoe!

969 Brockway Expense Information

• Insurance                            $400
• Taxes                                    $750 (prop 13)
• Refuse                                  $400
• Water/sewer                     $804
• Gas                                        $200
• Electricity                          $150
• Management                     $435
• Supplies                              $150
• Maintenance                     $250

Total  Monthly Expenses =  $3446 x 12 months = $41,350     

 Annual Income $108,180

Less 5% vacancy ($5400) =  $102,780

Plus coin laundry    $1,320

 Less expenses      ($41,350)

 Net Operating Income= $62,750  and the Cap Rate is 7.2%

Type                            Monthy Rent

• #1 – 2br/1 bath                 $725
• #2- 1br/1 bath                   $585
• #3- 2br/1 bath                   $665
• #4- 1br/ 1 bath                  $585
• #5- 2br/ 1 bath                  $625
• #6- 1br/ 1 bath                  $585
• #7- 1br/ 1 bath                  $585
• #8- 1br/ 1 bath                  $585
• #9- 1br/ 1 bath                  $585
• #10-1br/ 1 bath                 $585
• #11-1br/ 1 bath                 $575
• #12-2br/ 1 bath                 $700
• #13-Studio                          $395
• #14-1br/ 1 bath                 $585
• #15-2br/ 1 bath                 $650

Fore more information on this apartment building for sale in South Lake Tahoe please call Brent Johnson today!