Newly Remodeled 47 Unit Complex
Commercial
Newly Remodeled 47 Unit Complex

Newly Remodeled 47 Unit Complex
Start Price -
Current Price -
Time Left -
Bid Count 0
Buy It Now Price -
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Start Time Friday, August 15, 2008
End Time Thursday, November 13, 2008
Location Big Spring, Texas

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Description
Property Description: Newly remodeled 47 unit complex. (Built around 1964 as airforce base housing.) All units have new Roper refrigerators, GE electric stoves, and Whirlpool water heaters. All showers/tubs have doors. Mostly new fans and lighting fixtures. Many new A/Cs (110v 12k btu Samsung  in studio and 1 bedroom apts.; 2 and 3 bedroom units have central, with about 8 new units in last three years). Many with new vinyl/carpet. All units painted inside within last 3 years with Behr premium plus semi gloss paint for easy cleaning.Well-lit outside with all new Mercury vapor lights installed all the way around for extra security and safety (can read in any portion of the property day or night). Picnic area with 4 tables/benches and 4 barbecue pits (on concrete pad). Most of the older plumbing is copper. As I have remodeled/repaired,  I have replaced it with lifetime guarantee Aquapex (plastic tubing). New laundry facility onsite including four new coin-op Maytag washing machines, four new coin-op Maytag dryers, and two new vending machines (cb 300 and cb 700) with bill validators. Vending/Laundry room will pull up to $3000  to $6000 per month as tenants from surrounding complexes come to use my equipment. All of the above repairs done in the last 2 to 3 years. VERY LITTLE MAINTENANCE…everything has been done already.  Nothing in Big Spring to buy or rent at the moment. Normal 0 false false false EN-US X-NONE X-NONE Rent Ranges                                                                                                                       2 - 3 bedroom 2 bath @ 1000-1500/mo                    $2000-$3000/mo 1 - 3 bedroom 1 bath @ 1000/mo                               $1000-$1000/mo                22 - 2 bedroom 1 bath @ 700-750/mo                   $15,400-$16,500/mo 11 – 1 bedroom 1 bath @ 600-650/mo                      $6600-$7150/mo 10 -­ Efficiency/Studio Apt. @ 500-550/mo              $5000-$5500/mo Totals:                                                                                 $30,000-$33,150/moExpenses Normal 0 false false false EN-US X-NONE X-NONE Annual Insurance                                                              $6500 Monthly Utilities (water, garbage, and sewer)     $1800 Monthly electric                                                                $1400 Monthly gas                                                                             $80 Monthly pest control                                                         $150        Monthly dish network service                                       $650Square footage of lot and property is approximate.  

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11/20/2008 10:04:55 PM