Listed by Marshall Peters & Associates
$1,050,000
Charles Place SOMA 8 Plex
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,232
Net Rentable (SqFt) 6,232
Units 8
Cap Rate 7.23%
NOI $75,870
Pro-Forma Cap Rate 9.14%
Pro-Forma NOI $96,000
Class B
Acreage 0.150
Investment Type Owner/User
Sale Condition 1031 exchange
Multifamily | 7.23% CAP | 8 Units
Marketing description
8-Unit Apartment building in the heart of SOMA!! All units are 1 BR, 1 BA with hardwood floors, updated appliances, W/D, tenants pay electric and gas, Nicely painted, hardwood floors, eat-in kitchen has nice appliances, good finishes, pantry, extra closet, dining room, good natural light, 2" wood blinds, new lighting, updated bath,updated HVAC and water heaters. Very attractive building with a wonderful location. Easy walk to all the attractions in SOMA! This is one of the most desireable locations for downtown living in Little Rock. Each unit has an off street parking space!
Listing Contacts
Listed by Marshall Peters & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,870.00
$6,322.50/mo
Valuation Metrics
0
DSCR
7.23%
Cap Rate
7.23%
ROI
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