Investment highlight
- Street-to-street entire block lot
- Well maintained
- 31 space off-street secured parking
- High demand rental units in high demand area
- Security fence and security gate
executive summary
Street-to-street lot, the entire block with access from three streets. Bread ‘n butter units, which are in high demand. Very low vacancy rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate. New roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rolls, expenses and more information.
property facts
| Price | $3,399,000 | Apartment Style | Low Rise |
| Price Per Unit | $141,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 5.09% | Building Size | 9,429 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 3.2/1,000 SF |
amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix information
