Please Contact Jay Yager directly for current financials, too much to include here.
PROJECTED FIGURES FOR HIGHEST AND BEST USE:
| SWISS MEADOWS APARTMENTS | |||||
POTENTIAL CONDO SALES |
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28 One Bdrm, 1 Bath Apartments |
$45,000.00/unit |
$1,260,000.00 |
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34 Two Bdrm, 1 Bath Apartments |
$53,000.00/unit |
$1,802,000.00 |
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2 Two Bdrm, 1.5 Bath Apartments |
$55,000.00/unit |
$110,000.00 |
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4 Three Bdrm, 1.5 Bath Apartments |
$60,000.00/unit |
$240,000.00 |
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TOTAL SELLING PRICE |
$3,900,000.00 |
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COMBINATION CONDO & ELDERLY LIFE ESTATE SALES |
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1ST FLOOR APARTMENTS SOLD AS LIFE ESTATES & 2ND FLOOR AS CONDOS |
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Life Estate Resales could be made ever 11 years on the average |
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Life Estate Sales would only be made to persons over 65 years old |
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14 One Bdrm, 1 Bath Condos |
$45,000/unit |
$630,000.00 |
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14 One Bdrm, 1 Bath Life Estate Apartments |
$40,000/unit |
$560,000.00 |
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17 Two Bdrm, 1 Bath Condos |
$53,000/unit |
$901,000.00 |
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17 Two Bdrm, 1 Bath Life Estate Apartments |
$53,000/unit |
$901,000.00 |
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2 Two Bdrm, 1.5 Bath Apartments |
$55,000/unit |
$110,000.00 |
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Life Estate Apartments |
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4 Three Bdrm, 1.5 Bath Apartments |
$60,000/unit |
$240,000.00 |
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Life Estate Apartments |
$3,342,000.00 |
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LIFE ESTATE RESALES AFTER 10 YEARS |
$1,811,000.00 |
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TOTAL CONDO, LIFE ESTATE SALE & RESALES |
$5,153,000.00 |
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