Rental income property in bda layout in raghuvanahalli

Description

Description of a Rental Building for Sale

**1. *Location:*

• City/Neighborhood: Specify the city, neighborhood, and any notable landmarks or proximity to public amenities.
• Accessibility: Highlight nearby transportation options, highways, and public transit availability.

**2. *Building Details:*

• Type: Define whether it’s a high-rise, mid-rise, low-rise, or mixed-use building.
• Age: State the year of construction and any recent renovations or upgrades.
• Structure: Detail the number of floors and architectural style.

**3. *Units:*

• Total Units: Total number of rental units available.
• Types of Units: Breakdown of unit types (e.g., studios, 1-bedroom, 2-bedroom, etc.).
• Unit Sizes: Provide the range of unit sizes in square feet or meters.
• Current Occupancy Rate: Percentage of units currently rented.

**4. *Financial Information:*

• Asking Price: The sale price of the building.
• Annual Gross Income: Total income generated from rents per year.
• Net Operating Income (NOI): Annual income after deducting operating expenses.
• Cap Rate: Capitalization rate, which is the ratio of NOI to the asking price.
• Rent Roll: Detailed information on current rents for each unit type.

**5. *Expenses:*

• Operating Expenses: Include property management, maintenance, utilities, insurance, property taxes, and other relevant costs.
• Capital Expenditures: Recent or anticipated major expenditures for repairs or upgrades.

**7. *Legal and Compliance:*

• Zoning: Information on the zoning of the property and any restrictions.
• Permits: Status of necessary permits and licenses for rental operations.
• Tenant Leases: Overview of lease agreements and terms, including any rent control or stabilization measures.

**8. *Market Analysis:*

• Local Market Trends: Insights into the rental market trends in the area, including demand, average rents, and vacancy rates.
• Comparative Properties: Comparison with similar properties recently sold or currently on the market.

**9. *Potential for Growth:*

• Value-Add Opportunities: Potential areas for increasing income, such as renovating units, adding amenities, or optimizing operations.
• Development Potential: Possibility for expansion or redevelopment based on zoning laws and available land