This fabulous investment opportunity located on the comer of Dolson Avenue and Bennett St includes a

45, 47 Bennett and 36, 38 Dolson

Income

Tenant Income Amount Notes and Calculations

Actual Rent

Unit 3 $15,000.00 36 Bennett 4 bedroom bottom floor tenant has been there 15-20 years

Unit 4 $10,800.00 36 Bennett 2 bedroom upper floor tenant has been there 10 years

Unit 5 $10,200.00 47 Bennett 1200 Sq Ft commercial unit

Unit 6 $10,200.00 47 Bennett 700 Sq Ft commercial unit

Unit 7 $10,800.00 47 Bennett 2 bedroom upper floor tenant has been there 7 plus years

Total Tenant Income $82,800.00

Vacancy Contingency Adjustment (3%) -$2,484.00

Adjusted Tenant Income $80,316.00

Total Gross Income $80,316.00

Operating Expenses (paid by owner)

Real Estate Taxes $24,447.00

Insurance $3,300.00

Utilities $0.00 Paid by tenants

Oil / Gas $0.00 Paid by tenants

Electric $0.00 Paid by tenants

Water $3,400.00

Sewer $0.00

Other $0.00

Contract Services

Rubbish Removal $0.00 Commercial units paid by tenants residential units included in taxes

Landscaping $2,000.00 Yearly Estimated

Snow Removal $2,000.00 Yearly Estimated

Heating and Air Conditioning Services $0.00

Septic Services $0.00

Other Maintenance Services $0.00

Accounting $500.00 Yearly Estimated

Legal $0.00

Other Professional Services $0.00

Payroll $0.00

Management $600.00 Yearly city inspection

Repair and Maintenance (5%) -$4,016.00

Total Operating Expense $32,231.00

Net Operating Income $48,085.00

Cap Rate .062 Market Value $775,000.00