MULTI - FAMILY STAT / PROFORMA SHEET
Property Address: 3560 Broadway   (Ambassador Apartments) BILL HARGIS CRS, RECS
City: Kansas City State: Mo.  Zip: 64111 Reece & Nichols Realtors
Date: 51503 Listing Price: $3,275,000 Phone: 913-901-6352
MLS No. 1032674   Fax:                913-381-4340
Directions:   [email protected]
www.kccommercial.net
Unit Description    Current Rental Data        Market Rental Data
# of Units # Bed # Bath Unit Rent Mo. Rent Yearly Rent Unit Rent Mo. Rent Yearly Rent
162 Studio 1 $0 $67,197 $806,364 0 $72,066 $864,792
34 1 1 $0 $0 $0 0    
1 2 1 $0 $0 $0 0 $0 $0
COMMERCIAL 0 0 $0 $1,000 $12,000 0 $8,333 $99,996
0 0 0 $0 $0 $0 0 $0 $0
0 0 0 $0 $0 $0 0 $0 $0
TOTALS $68,197 $818,364 TOTALS $80,399 $964,788
 PROFORMA ß         ß
6          GROSS SCHEDULED INCOME: $818,364   % GSI % GSI   $964,788
7        Less Vacancy and Credit Losses: $81,836 ¬ 10.0% 10.0% ® $96,479
8 Other Income: Laundry, Vending, Phone, Refuse Refend, Etc. $15,000 ¬ 1.8% 1.6% ® $15,000
9 ADJUSTED GROSS INCOME (L6-(L7+L8)): $751,528   % AGI % AGI   $883,309
10                  Less Accounting and Legal: $11,579 ¬ 1.5% 1.3% ® $11,579
11                                      Less Advertising: $6,792 ¬ 0.9% 0.8% ® $6,792
12           Less Repair and Maintenance: $52,967 ¬ 7.0% 6.0% ® $52,967
13                                         Less Insurance: $31,758 ¬ 4.2% 3.6% ® $31,758
14 Less Management; $29,461 ¬ 0.0% 0.0% ® $29,461
15                                                Less Taxes: $17,000 ¬ 2.3% 1.9% ® $17,000
16 Trash $3,004 ¬ 0.4% 0.3% ® $3,004
17 Elevator Service; $5,378 ¬ 0.7% 0.6% ® $5,378
18 Security $8,297 ¬ 1.1% 0.9% ® $8,297
19 Payroll: $73,378 ¬ 9.8% 8.3% ® $73,378
20 Less Other: Utilities $123,120 ¬ 16.4% 13.9% ® $123,120
21 Total Expenses(sum L10 - L20): $362,734 ¬ 48.3% 41.1% ® $362,734
22 Net Operating Income(L9 minus L21): $388,794         $520,575
23 Less Annual Debt Service: 209,171 ¬ 27.8% 23.7% ® 209,171
24 Net Income (Cash Flow) L22-L23): 179,622 311,404
25 CAP RATE (NOI ¸ PURCHASE PRICE): 11.87% 15.90%
26 RETURN ON INVESTMENT (NI ¸ DOWN): 27.42% 47.54%
           Estimated Financing              
Purchase Price: $3,275,000 7.00% :Interest      
20%  Down:  $     655,000 30 :Years Amortized    
Amount Financed:  $   2,620,000  $     17,430.93 :P&I Monthly Payment          
Description: 197 UNIT KANSAS CITY LANDMARK WITH APPROXIMATELY 12,000 SF OF COMMERCIAL SPACE TO BE RENTED FOR ADDITIONAL INCOME. CURRENTLY ONLY 1,000 SF OF COMMERCIAL SPACE IS LEASED. MUCH UPDATING IN 1983 AND 1990. SOME ITEMS INCLUDE ELECTRICAL, DOUBLE PANE THERMAL WINDOWS, ETC. ASBESTOD WAS REMOVED IN 1995. THE PASSENGER ELEVATOR WAS UPDATED IN 2000.  MORE INFO AT WWW.KCCOMMERCIAL.NET.
 
 
 
 
    Information deemed reliable but not guaranteed