Buy An Entire Neighborhood In Erie, PA

Lease/Purchase - No Closing Costs Until 2014
Turn Your $800,000 Investment Into $1,600,000 In Less Than Six Years

125 Rental Units
10 Garage

• Monthly Income           $63,825.00
  Discounts                                  $1,875.00
  
  Vacancy (5%)                           $3,097.50
  Maintenance (6%)                     $3,531.15
  Capital Improvements (3%)      $1,765.58
  Management (5%)                    $2,942.63
  Utilities (2007 Actual)                $6,293.83
  Insurance (2007 Actual)            $3,770.25
  Taxes (2007 Actual)                  $4,832.44
  City Registration (2007 Actual) $403.33
  Lease Payment                          $25,200.00
  Monthly Cash Flow        $10,113.29
• Annual Cash Flow         $121,359.48

Rental Office: 2500 Palermo Drive
Phone: (814) 835-6757
e-mail us: info@joepalermo.com