Listed by HamadyRobinson, REALTORS®
$440,000
Clio Newly Remodeled Apartment Building
Details
APN 51-23-100-003
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,327
Net Rentable (SqFt) 3,327
Units 7
Cap Rate 9.21%
NOI $40,527
Occupancy 100%
Price per SqFt $132
Broker Co-Op Yes
Class B
Year Built Unknown
Year Renovated 2022
Buildings 2
Stories 2
Acreage 0.950
Zoning Commercial
Parking Spaces 2 per unit
Ground Lease No
Ownership LLC
7 Units 100% Occupied
Marketing description
Charming 7 unit apartment complex conveniently located across from VGs and within walking distance to schools and shopping. Each unit has a separate electric, water heater and heat source. Exterior remodeled in 2017, including siding, roof and asphalt. All units completely remodel between 2020 and 2022. There are 3 one bedroom apartments, 1 two bedroom apartment, 1 three bedroom apartment, 1 efficiency apartment and a separate small house with one bedroom. Individual apartment showings contingent upon an approved purchase agreement and proof of funds. Seller will do no owner financing.
Investment highlights
All Units Remodeled
Conveniently located
Listing Contacts
Listed by HamadyRobinson, REALTORS®
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,527.00
$3,377.25/mo
Valuation Metrics
0
DSCR
9.21%
Cap Rate
9.21%
ROI
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