Welcome to 1445 Danville Blvd, ALAMO!

Beautiful 6-plex in sought after downtown Alamo! Fully rented*all units have central heat/AC* tenants have direct access to Iron Horse Trail from backyard*onsite pool*Washer/dryer onsite in community laundry room*low operating expenses and stellar tenants* annual rents $204k. Home, pest, roof and fireplace inspections are available

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Asking Price: $3,000,000

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• Unit 1 - approx. 1850 sq ft 2 bedrooms + office + 2.5 bathrooms 3750/mo lease ends 5/30/20

• Unit 2 - approx. 1100 sq ft 2 bedrooms/1.5 baths - 2750/mo lease ends 6/30/20

• Unit 3 - approx. 1100 sq ft 2 bedrooms/1.5 baths - 2750/mo lease ends 4/30/20

• Unit 4 - approx. 1100 sq ft 2 bedrooms/1.5 baths - 2750/mo lease ends 4/30/19

• Unit 5 - approx. 980 sq ft 2 bedrooms/ 2 bathrooms - 2500/mo lease ends 6/30/19

• Unit 6 - approx. 980 sq ft 2 bedrooms/ 2 bathrooms - 2500/mo lease ends 6/30/19

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o Total yearly rents 204k

o Assume annual income of $10-15/month per unit for on-site laundry = approx. $600-700/year

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- PGE - approx. 3600/year

- Pool maintenance 3000/year

- Garbage 2400/year

- Water 2400/year

- Clark pest control 1000/year

- Insurance 650/year

- Gardener 1440/year

- Repairs estimated at $500/unit per year = $3000

- Reserves estimated at $250/unit per year = $1500

- Assume a vacancy rate of 2%

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