www.buytetonland.com
Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada
pH 208 390 0737
email : buy@buytetonland.com
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336 unit / $ 37 080 000
class A condo / apartment complex
net rentable area 332 784 sq ft
year built 1998
land area 16.16 ac
Full size washer/dryer in each unit
Fireplaces in second floor units
Large private patio / balcony with additional storage
State of art fitness center
Clubhouse
Resort style 24 hr swimming pool / spa
Borders Summerlin
Close proximity to class A office buildings, neighborhood shopping centers,
fashion, retail and restaurants
UNITS
128 1br / 1 bath 815 sq ft
56 2 br / 2 bath 998 sq ft
120 2 br / 2 bath 1104 sq ft
32 3 br / 2 ath 1253 sq ft
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3 568 000 gross rent potential
214 000 vacancy ( 6% actual )
3 354 000 net rental
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187 394 other income
107 094 utility reimbursement
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3 648 488 gross operating income
1 239 316 expenses
1 594 092 loan
815 080 cash flow
OPERATING EXPENSES
391 652 office payroll
107 512 management
33 600 landscaping
97 000 repairs / maintenance
226 800 utilities
28 560 advertising
35 400 insurance
234 792 property taxes
84 000 capital reserves
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1 239 316 total expenses
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