email: [email protected] investment portfolio · 2019-01-31 · investment portfolio for sale...

BOMIER PROPERTIES, INC.5553 Waterford Lane♦Appleton, WI 54913♦Office (920) 739-5300 Fax (920) 739-7007 Please Contact: Jason Gallmeier Email: [email protected] ♦ Website: www.bomier.com

The information contained herein is taken from sources deemed to be reliable but not guaranteed

CO-LISTED: RE/MAX Lakeside1200 E. Capital Dr. Milwaukee, WI 53211Contact: Alex SegalOffice: (414) 961-8888Email: [email protected]

INVESTMENT PORTFOLIO

F O R S A L E • $ 1 , 6 5 0 , 0 0 0

Sale Price - $2,200,000 Lease Price - $10.00/SF NNN

M U LT I - F A M I LY I N V E S T M E N T O P P O R T U N I T Y

430 W. Calumet St. – 440 W. Calumet St. –(8) 1 Bedroom Units (6) 2 Bedroom Units(8) 2 Bedroom Units 450 W. Calumet St. –

435 W. Foster St. – Single Family Home (6) 2 Bedroom Units

100% OCCUPIED

MAN18




I N C L U D E S 2 B E D R O O M S I N G L E F A M I LY H O M E

MULTI – FAMILY INVESTMENT OPPORTUNITY

4 3 0 , 4 4 0 & 4 5 0 W. C A L U M E T S T. A N D 4 3 5 W. F O S T E R S T. - A P P L E T O N

28-Unit multi-family complex consisting of 3 buildings located along W.

Calumet St. in Appleton, WI. Strong location with a traffic count of

10,800 vehicles per day (WI Dept of Transportation), near a bus stop, Pick

N Save, fast food and convenience stores. This opportunity is currently

100% occupied and has a very strong rental history. Current ownership

has had little to no vacancy.

The buildings are brick with updated windows, appliances and air

conditioners. Roofs on 440 and 450 buildings were replaced last year

along with many other updates.

The 2 bedroom, 2 bathroom, single family home was recently updated

with new windows, siding, soffit, gutters, cabinet doors, refinished

hardwood floors as well as a new range, refrigerator and dishwasher.

This home is in excellent condition and is currently rented on a 5-year

term with annual rent increases.

C A L L F O R C O M P L E T E F I N A N C I A L D E T A I L S




FINANCIALS

SUMMARY FINANCIALS 2018

Annual Rent

2019 Projection

Annual Rent

430 W. Calumet St.(8) 1-Bedroom Units(8) 2-Bedroom Units

440 W. Calumet St.(6) 2-Bedroom Units

450 W. Calumet St.(6) 2-Bedroom Units

435 W. Foster St.Single Family Home

Gross Income $195,064 $217,500

Laundry Income (Est. Approx. $100/Week) $4,524 $5,200Pet Income (current) $3,600 $3,600

EFFECTIVE GROSS INCOME $203,188 $226,300

EXPENSES - 2018 Actuals / 2019 Projected2018 Projected

Insurance $4,708 $4,708Taxes $23,605 $23,605Gas & Electric Utilities $15,520 $17,784Sewer and Water $13,634 $13,634Repairs and Maintenance $10,895 $11,500Management Fee (5%) $11,878 $11,878Garbage/Recycleable $4,134 $4,134Lawn Maintenance/Snow Removal $1,382 $1,382Pest Control $920 $920Janitorial Service/Light Maintenance $1,800 $1,800Other/Misc. $500 $500

Annual Expenses $88,976 $91,845

NET OPERATING INCOME $114,212 $134,455




FINANCIALS

Applewood Apartments Applewood Apartments

Rent Roll as of February 1, 2019, provided by Owner Rent Roll as of February 1, 2019, provided by Owner

Portion Paid Portion Paid

Unit # Rent Pet Total Security Expires By Housing Unit # Rent Pet Total Security Expires By Housing

Authority Authority

440 W Calumet 430 W Calumet

1 650$ 40$ 690$ 500$ 11/30/2019 -$ 21 650$ 25$ 675$ 500$ 7/31/2019 -$

2 650 25 675 500 8/31/2019 - 22 675 - 675 500 12/31/2019 -

3 650 - 650 500 5/31/2019 - 23 550 40 590 400 Monthly -

11 650 - 650 1,300 9/30/2019 190 24 550 - 550 400 4/30/2019 * -

12 650 - 650 500 12/31/2019 - 25 550 - 550 400 Monthly 331

13 650 - 650 500 Monthly - 26 550 - 550 400 4/30/2019 -

3,900$ 65$ 3,965$ 3,800$ 190$ 27 650 - 650 500 12/31/2019 -

450 W Calumet 28 650 25 675 500 8/31/2019 -

8 650$ -$ 650$ 300$ 5/31/2019 -$ 29 650 - 650 300 Monthly -

9 650 - 650$ 500 7/31/2019 327 30 650 - 650 500 5/31/2019 -

10 650 - 650$ 500 2/28/2019 - 31 550 - 550 400 4/30/2019 -

18 650 - 650$ 500 10/31/2019 - 32 550 - 550 400 Monthly -

19 650 25 675$ 400 8/31/2019 - 33 550 40 590 400 2/26/2019 -

20 650 - 650$ 500 2/28/2019 - 34 550 40 590 400 10/31/2019 -

3,900$ 25$ 3,925$ 2,700$ 327$ 35 650 - 650 500 Monthly 645

36 650 - 650 400 Monthly 331

9,625$ 170$ 9,795$ 6,900$ 1,307$

435 W Foster

Single Fam 700$ 40$ 740$ 200$

700$ 40$ 740$ 200$ -$

COMBINED 18,125$ 300$ 18,425$ 13,600$ 1,824$

* Tenant #24 receives $50/mo credit for cleaning exterior of property.

3/31/2022 - increases $25 each

anniversary until 3/31/2022




GEORGES STEAK HOUSE

DAIRY QUEEN

THE RED OX

REID GOLF COURSE

ST. ELIZABETH HOSPITALDOMINOS PIZZA

RIVERVIEW COUNTRY CLUB

MI CASA MEXICAN GRILL

KWIK TRIP

PICK N SAVEMEMORIAL FLORISTS

AERIAL – LOCATION MAP

Conveniently located on bus line and within walking distance to shopping, restaurants, golf courses and hospital makes this a highly desirable property.

100% Occupancy!

ASIAN TASTE

PARCEL ID #1213901430. W. Calumet St.Village of Fox CrossingWinnebago County435 W. Foster St. Village of Fox CrossingWinnebago County

PARCEL ID #314062800W. Foster St.City of AppletonOutagamie County

PARCEL ID #1212860440, 450 W. Calumet St.Village of Fox CrossingWinnebago County

TAX PARCELS MULTI-FAMILY INVESTMENT OPPORTUNITY

BOMIERPROPERTIES, INC.

email: [email protected] investment portfolio · 2019-01-31 · investment portfolio for sale...

Documents