Listed by Hewgley Commercial Real Estate
$1,920,000
Merriwether Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,824
Units 32
Cap Rate 8.44%
NOI $162,000
Occupancy 90%
Pro-Forma Cap Rate 9.38%
Pro-Forma NOI $180,000
Broker Co-Op Yes
Class C
Year Built 1963/1971
Buildings 4
Stories 2
Acreage 1.140
Investment Type Value Add
Ownership Fee Simple
Sale Condition 1031 exchange
NEAR VETERAN'S HOSPTIAL!
Marketing description
-RECENTLY PARTIALLY RENOVATED
-REPOSITIONED LEASES
-FENCED PROPERTY
-WALKING DISTANCE TO VA HOSPITAL
-ALL ONE BEDROOM UNITS
Investment highlights
-STABLE 1 BED/1 BATH UNITS NEAR VA HOSPITAL
-$750+ RENTS WITH ROOM FOR UPSIDE
-GREAT PROPERTY TO UPGRADE TO CLASS A/B AND PUSH RENTS
Listing Contacts
Listed by Hewgley Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,000.00
$13,500.00/mo
Valuation Metrics
0
DSCR
8.44%
Cap Rate
8.44%
ROI
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