Thomas Fortin & Company LLC.
Listed by Thomas Fortin & Company LLC., Thomas Fortin & Company
$1,250,000
Teakwood Corners Apartments
Details
APN 010-158237
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 16
NOI $85,111
Occupancy 100%
Pro-Forma Cap Rate 6.81%
Pro-Forma NOI $85,111
Price per SqFt $161
Class C
Year Built 1978
Buildings 3
Stories 1
Acreage 0.980
Zoning Multi Family
Multifamily | 16 Units | $78,125/unit
Marketing description
Teakwood Square Apartments
12- One Bedroom ranch style apartments @ 576sf
4- Studio Apartments @ 288 sf See pro forma in Documents attached. Floor plans attached in documents
Range, Refrigerator, Hotel style HVAC. All electric. Tenants pay electric. Owner pays water. Built in book shelving. Carpet plus Vinyl flooring. Private patios. Plenty of off street parking. Ranch style. Private entries. Very efficient floor plan and site plan. High rental demand. Cardinal Industries Modular built in 1976. No Seller Financing.
Curb offering only. Please do not disturb residents.
Thanks!
Investment highlights
Teakwood Square Apartments
BACK ON MARKET
12- One Bedroom ranch style apartments @ 576sf 4- Studio Apartments @ 288 sf Range, Refrigerator, Zoneline style HVAC. All electric. Residents pay their own electric bill. Long Term residents. Built in book shelving. Carpet plus Vinyl flooring. Private patios. Plenty of off street parking. Ranch style. Private entries. Very efficient floor plan and site plan. High rental demand. Cardinal Industries Modular built in 1976. Curb offering only. Please do not disturb residents.
12 - One Bedroom Apartments 576 sf Rental $755 monthly
4- Studio Apartments 288 sf Rental $605 monthly
Residents pay their own electric bill. Owner pays water.
Thanks!
Listing Contacts
Thomas Fortin & Company LLC.
Listed by Thomas Fortin & Company LLC., Thomas Fortin & Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,111.00
$7,092.58/mo
Valuation Metrics
0
DSCR
6.81%
Cap Rate
6.81%
ROI
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