* This property is "Probate Sale"!!!
* Total 38 units. (34 units are "1 bed/1 bath", and 4 units are "2 bed/1.5 bath").
* Monthly current total gross rent $48,625.00. But it will be changed to $51,825.00 near future.
The reason is why we have to have two new tenants near future for #1 (vacant now) $1,600.00, and #38, $1,600.00 (?) (This unit tenant has not paid the rent for more than one year. But current owner has passed away. So, new property owner has to evict the current tenant and have a new tenant.
The rent roll: 18 units x $1,325 = $23,850. 5 units x $1500 = $7,500. 4 units x $1575 = $6,300. 3 units x $1,425 = $4,275. 2 units x 1,600 = $3200.
1 unit 1,200. 1 unit (#9, on-site manager lives.), $0.00. 1 unit $1,400. 1 unit $1,375. 1 unit $1,475. 1 unit $1,250.
* Expense report, for last year, we have Jan to Aug. For this year, April to May.