Listed by Burgan Real Estate Ltd
$199,000
Scott Street Apartments
Details
APN 39-491613 39-159099; 39-379300 39-491614
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 17.49%
NOI $34,800
Broker Co-Op Yes
Buildings 2
Parking Spaces spaces
Multifamily | 8 Units | $24,875/unit
Marketing description
6 plex 1 bed 1 bath apartments. 5 have an eat in kitchen (635sft) 1 is an efficiency ( Approx 480sft) Duplex 1 bed lower and 2 bed upper. Extra Lots included could potentially be developed for storage units or other purpose with Zoning permission. 6 Plex 2 (rented) apartments have been recently renovated and approved by the Health department. 2 (rented) are approved by the health department with minimal updates. 2 (rented) but will need renovation and approval once tenants move out. Duplex Upper is rented but needs renovation and health department approval once tenant leaves. Lower is vacant and needs renovation and health department approval before renting. Current Rents
Listing Contacts
Listed by Burgan Real Estate Ltd
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,800.00
$2,900.00/mo
Valuation Metrics
0
DSCR
17.49%
Cap Rate
17.49%
ROI
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