8537 Pineland Fully renovated, this property offers excellent cash flow potential w/turnkey PM in place. If you are looking to build wealth, Current appraisal November 2024 of $830, 000 PROPERTY HIGHLIGHTS: Unit Type: 4-unit Large Townhome quadplex, each with 2 beds and 2 baths, totaling 4, 520 sq. ft. Co Recent Renovations: $120, 000 over the last 14 months, including large back decks and added storage, backing onto a quiet greenbelt. CURRENT RENT ROLL: Co Unit A: 51, 395 (lease until 4/30/25) Co Unit B: 51, 495 (lease until 4/30/25) Co Unit C: 51, 435 (lease until 1/31/26) Co Unit D: Vacant (potential rent assumed at $1, 495) FINANCIAL SUMMARY: 1. Gross Rental Income: Co Annual income assuming full occupancy: $69, 840 2. Annual Expenses: Co Estimated at 16% of gross income: $11, 174.40 3. Net Operating Income (NOl): Co After expenses: $58, 665.60 4. Cap Rate: Co Actual cap rate is 7.52%, Projected 8% CAP RATE! Cash Flow: Co Assuming a 6.3% interest rate on a 30-year loan, the annual debt service is approximately $43, 424.52. Co After debt service, projected annual cash flow is $15, 241.08, Strong positive cash return. Seller open to discussion buying down buyer interest rate, 5-6% mortgage rate possible to increase cashflow!