Listed by Salient Realty Group, Salient Realty Group, LLC
$895,000
5001 South Grand
Details
APN 47110001707
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Units 16
Cap Rate 12.88%
NOI $115,296
Occupancy 89%
Pro-Forma Cap Rate 18.37%
Pro-Forma NOI $164,452
Class C
Year Built 1930
Buildings 1
Stories 3
Zoning F (neighborhood commercial)
Investment Type Value Add
Mixed Use Opportunity in South City | 12.14% CAP Rate | Several Updates Throughout
Marketing description
Salient Realty Group is pleased to present this exceptional mixed-use property which offers a unique opportunity for investors looking for a blend of commercial and residential income streams. The building features three retail spaces on the ground floor, alongside a total of 16 residential units, including eight studio apartments and eight 1-bedroom, 1-bath units. With a 18.37% pro-forma cap rate, this property is a solid income-generating asset.
Investment highlights
Incredible Mixed-Use Building
3 Retail Spaces, 8 - Studios and 8 - 1 bd/1bth units
18.37% Pro-Forma Cap Rate
75% of Units Have Been Renovated
Updated Utility Systems
New Windows and Tuck Pointing
Newly Coated Roof
Listing Contacts
Listed by Salient Realty Group, Salient Realty Group, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,296.00
$9,608.00/mo
Valuation Metrics
0
DSCR
12.88%
Cap Rate
12.88%
ROI
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