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Old 09-28-2005, 06:26 AM
grigg
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Default Re: [IncomeProperties] Income Property for Sale! 11 Units & 3 Lots! Very Low Price!

Brad,

I can not open the photo file. It just gives me an error message and tells me
to contact the sender. Could you email it to me at GailGrigg@msn.com. This
looks interesting. Do they have a management company take care of it, how
would I do it from Washington state? How do I verify the accuracy of the
information without seeing it? Please Advise. I have been looking at a lot
of properties around here, and have not made my first purchase yet. I got
your material about 3 months ago. Thanks
Gail
P.S. Please change my email address to gailgrigg@msn.com and send all future
emails there. Its more accessible at home.

buy_income_properties wrote:

> To view the pictures of the properties, click on the link below:
>
> http://photos.yahoo.com/bc/buy_income_properties/lst?.dir=/Income+Prop
> erties+for+Sale&.view=t
>
> To contact me about these properties, just email me.
>
> Sincererly,
>
> Bradley J. Martineau
> BuyIncomeProperties.com
> http://www.BuyIncomeProperties.com
>
> July 9, 2002
>
> Hello,
>
> We are selling, as a bundled package, 5 buildings (11 units total) &
> 3 Lots. If you are looking for solid investment properties, you will
> not find properties better than this, especially at this price. Sale
> must be completed within 60 days of the sales agreement - all cash
> sale or financing already in place. Asking Price is very low to
> ensure quick sale.
>
> Description of the buildings & the Lots:
>
> ** All the buildings are located in Erie, Pennsylvania.
>
> 303 Myrtle Street
>
> Single Family House - 3 bedrooms, 1 bath, living room, dining room,
> & full basement with washer & dryer hookups.
> Rents for $525 per month - Long-term tenant (up to $800 per
> month if rent per student)
> Tenant pays all utilities including water, sewer, & trash
> Taxes $600 per year
>
> 305 Myrtle Street
>
> Lot in between 303 & 307 Myrtle
> Taxes $100 per year
>
> 307 Myrtle Street
>
> Single Family House - 3 bedrooms, 1 bath, living room,
> dining room, & full basement with washer & dryer hookups
> Rents for $525 per month (up to $800 per month if rent per
> student)
> Tenant pays for all the utilities including water, sewer, &
> trash
> Taxes $600 per year.
>
> 515 Myrtle Street
>
> 4-Unit Brick Apartment Building
> 3 1 bedroom units - $300 per month - each
> 1 3 bedroom unit - $400 per month (up to $800 per month if
> rent per student)
> Tenants pay all utilities including water, sewer, & trash
> Taxes $1,300 per year
> Extra storage & laundry hookups in basement
>
> ** All the Myrtle Properties are located 1 block from Gannon
> University & downtown Erie. They are also within walking distance to
> Lake Erie.
>
> 1101 East 11th Street
>
> 3-Unit Apartment Building
> 2 1 bedroom units - Rent for $300 - $325 per month each
> 1 3 bedroom unit - Rents for $400 per month
> 2 car garage - rents for $40 - $50 per month
> Nice clean units in nice neighborhood. Close to downtown &
> bus lines.
> Taxes $800 per year
>
> 1052-1054 Pennsylvania Avenue
>
> Big Double Lot next to 1101 Pennsylvania Avenue
> Taxes $400 per year
>
> 1101 Pennsylvania Avenue
>
> 2-Unit Flat
> 2 2 bedroom units - Rent for $325 - $350 per month each
> Laundry hookups in basement
> Nice neighborhood - located on same block as 1101 East 11th Street
> Taxes $600 per year
>
> Gross Rents $4,100 per month
>
> Expenses
>
> Taxes $375 per month
> Insurance $50 per month
> Utilities None - Tenants Pay
> Maintenance $250 per month
> Vacancy $225 per month
>
> Total Expenses $900 per month
>
> Net Income $3,200
>
> Asking Price $249,000 (Well below Market Value)
>
> Cap. Rate 15.50% (Great Return on Your
> Investment)
>
>
> To unsubscribe from this group, send an email to:
> IncomeProperties-unsubscribe@yahoogroups.com
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

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