The Rinehart Building
100% Occupied Mixed Use Multifamily on N Williams | 7.8% CAP
Marketing description
Mixed-use multifamily asset holds two buildings on a single tax lot comprised of two commercial units and a total of seven apartments. The Rinehart Building on the corner of N. Williams & N. Monroe, is 100% occupied and includes office and retail storefront suites and five 1bd/1ba apartments on the 2nd level. This historical building underwent complete renovation in 2014 with seismic upgrades. The Monroe Building, a 2014 new build duplex, is 100% occupied and encompasses a 1bd/1ba & a 2bd/1.5ba apartment with rooftop terrace. The buildings share secure garbage/recycling, storage and bike room access.
Investment highlights
100% occupied and seismically upgraded
Two commercial units w/abundant basement storage
Seven residential units: six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace
Ample street parking and easy transportation access
Traffic count: 7,910+ cars per day + ample bike traffic
Secure/gated access to trash/recycling/bike storage
Below average market apartment rents offer upside
92 Walk Score and 100 Bike Score
Two income producing buildings on single tax lot
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
