Listed by RE/MAX Preferred Texarkana
$449,500
Miller Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,012
Units 4
Cap Rate 8.72%
NOI $39,180
Pro-Forma Cap Rate 9.45%
Pro-Forma NOI $42,500
Price per SqFt $90
Broker Co-Op Yes
Class B
Buildings 1
Stories 2
Acreage 0.280
Investment Type Value Add
Occupancy Date 02/19/2023
Multifamily | 4 Units | $112,375/unit
Marketing description
Check out this 5,000 sq ft plus Colonial, converted into a 4 unit apartment. Featuring high ceilings, original wood floors & old world
character throughout, this is indeed a rare find. Inside pics & virtual tour will be added soon, so keep checking back to see more. Rents recently improved, with new management, new yearly rents total $39,160.
Listing Contacts
Listed by RE/MAX Preferred Texarkana
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,180.00
$3,265.00/mo
Valuation Metrics
0
DSCR
8.72%
Cap Rate
8.72%
ROI
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