Listed by BEINERT-BONANNO REAL ESTATE
$9,999,999
Willow Road West
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 70,000
Net Rentable (SqFt) 31,664
Units 54
NOI $504,334
Occupancy 100%
Price per SqFt $143
Class C
Year Built 1973
Buildings 1
Stories 3
Lot Size (SqFt) 70,000
Zoning R3-2
Investment Type Stabilized
Occupancy Date 05/28/2024
54 unit, 2 of which are zone commercial. 100% occupied, Built 1973 stabilized.
Marketing description
This is a 54 unit garden apartment complex for which two of the units are zoned commercial. 15 studios, 27 one bedrooms and 12 two bedrooms. Units have been renovated and upgraded regularly. New Boilers in 2021 and 2022. The complex has more usable square footage around it for potential lease out or storage. Laundry room has been renovated and is currently run by a third party. Complex does have some on site and ample street parking.
Listing Contacts
Listed by BEINERT-BONANNO REAL ESTATE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$504,334.00
$42,027.83/mo
Valuation Metrics
0
DSCR
5.04%
Cap Rate
5.04%
ROI
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