Listed by Jim Maloof/Realtor Peoria
$350,000
Glasford Multi Family
Details
APN 19-22-162-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,688
Net Rentable (SqFt) 2,688
Units 6
Cap Rate 9.19%
NOI $32,158
Occupancy 100%
Pro-Forma Cap Rate 12.61%
Pro-Forma NOI $44,135
Price per SqFt $130
Class B
Year Built 1992 & 2002
Year Renovated 2022
Buildings 3
Stories 1
Acreage 0.290
Zoning Residential
Parking Spaces 10 spaces
Parking Per SqFt 3.72
Investment Type Stabilized
Occupancy Date 04/01/2025
Ownership LLC
100% occupied multi family
Marketing description
Stabilized 6 unit multi family located in Glasford. All units have separate utility meters. 100% occupied. 1 4 unit building, 1 duplex building. additional garage currently used as a shop. Property is zoned for 1 additional duplex to be built. Lots of capital improvement in the last 2 years. New roofs in 2021. Property is easy to maintain, excellent for beginner investor. Agent Interest.
SELLERS ARE NOT ACCEPTING OWNER FINANCING OFFERS
Investment highlights
Low maintenance property
individual meters for all utilities
4 2 bedroom units
2 1 bedroom units
new roofs in 2021
professionally managed
Listing Contacts
Listed by Jim Maloof/Realtor Peoria
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,158.00
$2,679.83/mo
Valuation Metrics
0
DSCR
9.19%
Cap Rate
9.19%
ROI
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