Listed by @properties
$1,432,500
Augusta / Lavergne
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 7,200
Units 10
Cap Rate 7.50%
NOI $133,339
Occupancy 95%
Broker Co-Op Yes
Class C
Year Built 1919
Year Renovated 2025
Buildings 1
Stories 2
Lot Size (SqFt) 5,796
Zoning R3
Parking Spaces 4 spaces
Investment Type Stabilized
Occupancy Date 09/01/2025
Ground Lease No
10 Unit - Turn-Key - Rehabbed
Marketing description
Newly remodeled 9 unit apartment building. New roof. Individual heating and utilities. Convenient location. Easy to rent.
Investment highlights
GUT- Rehabbed! High CAP rate of 7.5% SEPARATE utilities including INDIVIDUAL HVAC in all units. Corner Building. Many improvements have been made in this solid brick corner building. NEW apartments, tear-off roof, NEW porches, windows, commercial entrance doors and much more... Some value-add possibilities including basement remodels and repurposing. Possible gated parking in the rear of the property. Great location with nearby transportation, shopping and parks. Just blocks away from trendy Oak Park! Very easy to rent!
Listing Contacts
Listed by @properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,339.00
$11,111.58/mo
Valuation Metrics
0
DSCR
9.31%
Cap Rate
9.31%
ROI
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