Wardell & Holmes Real Estate
Listed by Wardell & Holmes Real Estate
$275,000
106-108 Bellaire Avenue
Details
APN 13730053900000000
Property Type Multifamily
Sub Type 4 Plex
Square Footage 2,240
Units 4
Cap Rate 9.73%
NOI $26,757
Occupancy 100%
Pro-Forma Cap Rate 11.57%
Pro-Forma NOI $31,815
Broker Co-Op Yes
Class C
Year Built 1916
Year Renovated 2022
Buildings 1
Stories 2
Lot Size (SqFt) 2,161
Zoning B3-2
Investment Type Stabilized
Ownership Investor
Multifamily | 9.73% CAP | 4 Units
Marketing description
Great income producing 4 plex. Priced to beat the 1% rule, . This fantastic investment features 4 one bed, one bath units, each with living room, kitchen with separate eating area, and large closet. The property is currently enrolled in a federally funded program through a local hospital, so there is a line of would be tenants! Currently 75% rented but the program is ready to get tenants in place. This could be the perfect next addition to your investment portfolio.
Listing Contacts
Wardell & Holmes Real Estate
Listed by Wardell & Holmes Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,757.00
$2,229.75/mo
Valuation Metrics
0
DSCR
9.73%
Cap Rate
9.73%
ROI
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