Burco Realty LLC
Listed by Burco Realty LLC
$589,000
Columbia TN - 3 Unit Portfolio
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,100
Net Rentable (SqFt) 3,100
Units 3
Cap Rate 5.69%
NOI $33,540
Occupancy 100%
Pro-Forma Cap Rate 8.49%
Pro-Forma NOI $50,000
Broker Co-Op Yes
Year Built 1950s
Year Renovated 2000s
Buildings 3
Stories 1
Acreage 0.540
Zoning CD-3
Investment Type Value Add
Multifamily | 3 Units | $196,333/unit
Marketing description
3 Unit Investment Portfolio. 620 West 9th - 2 Bedroom /1 Bath, currently rented for $995/month. 618 West 9th - 3 Bedroom / 2 Bath, currently rented for $850/month. 616 West 9th - 2 Bedroom / 1 Bath, currently rented for $950/month. 3 properties out of a 4 property rental portfolio: 614, 616, 618, and 620 West 9th.
Owner will not divide the (3) - 616, 618, and 620 West 9th. Showings will only be allowed on the (3) rented houses with an accepted offer. Very close to downtown Columbia & all its amenities.
Investment highlights
Major value add opportunity on 4 contiguous parcels. Opportunity to add $50,000+ of annual rent to your portfolio with room to increase rents.
Listing Contacts
Burco Realty LLC
Listed by Burco Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,540.00
$2,795.00/mo
Valuation Metrics
0
DSCR
5.69%
Cap Rate
5.69%
ROI
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