Listed by Keller Williams Realty Greater Downtown
$449,900
1745 County 48 rd
Details
APN 02-08-27-0-000-016.003-0
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,000
Units 12
Cap Rate 15.09%
Price per SqFt $45
Class C
Year Built 1980
Stories 1
Acreage 1.800
Parking Spaces 0.70 per 1,000 sq ft
15% CAP W/UPSIDE POTENTIAL
Marketing description
12 Park owned Homes with 13 lots total, 1.8 Acres +/-.
One extra lot that has a water meter and Septic already
Just add a pole., All Tenants pay their own water
electric and trash. It brings in 7,000.00 Per month
currently but has some low rents 450.00 from long-term
tenants and could be raised to a 16% CAP just
updating a few units to 750.00 per unit. Every one pays
well and timely. On Septic. Upside potential to get rents
up for a much higher return.
Investment highlights
- Long-Term low rents can be easly raised to make for 16 CAP %
- All Unit individually metered for water and electric
- Owner does not pay for garbag
Listing Contacts
Listed by Keller Williams Realty Greater Downtown
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
