Reafco
Listed by Reafco
$275,000
1006-1008 E 16th Avenue
Details
APN 010-033818
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $1,250
Price per SqFt $117
Year Built 1920
Acreage 0.090
Multifamily | 2 Units
Marketing description
This well-maintained duplex features two spacious three-bedroom, one-bathroom units with significant updates. Both units have new gas furnaces and central air conditioning installed in 2022, along with new rear concrete sidewalks, exterior paint, and outdoor security lighting. In 2021, new insulation was added to the walls and attic to meet code, improving energy efficiency. Each unit has a 100-amp electrical panel, and the water is sub-metered. Tenants pay all utilities, and off-street parking is available behind the property. Unit 1008, was updated in 2022 with new kitchen countertops, backsplash, sink faucet, carpet, bathroom flooring, fresh paint, and updated appliances. Unit 1006 was updated in 2020 with new flooring and paint and is currently rented at $1,250 a month.
Listing Contacts
Reafco
Listed by Reafco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,250.00
$104.17/mo
Valuation Metrics
0
DSCR
0.45%
Cap Rate
0.45%
ROI
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