1266 Lafayette Street
Huge Price Reduction - 8 Units | 6.64% CAP Rate
Marketing description
Price Reduced - Bring all offers! Attractive assumable debt at 3.34% interest-only and 10%+ cash-on-cash return. Chic, modernized 8-unit multifamily investment property ideally located in the esteemed Cheesman Park submarket with strong rental income and assumable interest-only debt at 3.34%! The property glows with a fully custom, contemporary renovation inside and out, seamlessly blending old-world charm with modern allure. With a new roof featuring solar technology, 3 garages, storage, and updated furnace and hot water heaters, this 5,286 SF building with 8 units is a true turnkey investment. The addition of onsite laundry, a gated patio with a fire pit, and inviting outdoor common areas enhances its appeal for residents. Zoned G-MU-3, this property embodies the essence of sophisticated urban living, making it an enticing prospect for multifamily investors seeking a unique, updated, strong performing, apartment asset. Can be purchased with 1568 Vine Street (6 units) as a portfolio.
Investment highlights
Attractive assumable debt at 3.34% interest-only and 10%+ cash-on-cash return
Can be purchased with 1568 Vine Street (6 units) as a portfolio
Very well-maintained, recently updated 5,286 SF building with 8 units
Built in 1888, blending historic charm with modern appeal
Zoned G-MU-3 for versatile investment potential
Prime location in the desirable Cheesman Park area
Fully custom contemporary renovation inside and out
New roof with solar technology for energy efficiency
3 garages and additional storage space
Upgraded furnace and hot water heaters
Onsite laundry facilities for resident convenience
Gated patio with fire pit and outdoor common areas
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