Red 1 Realty
Listed by Red 1 Realty
$309,900
506 Harter Avenue #508
Details
APN 027-07-020-16-000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
NOI $21,310
Occupancy 100%
Price per SqFt $74
Year Built 1930
Acreage 0.190
Multifamily | 4 Units
Marketing description
Incredible investment opportunity! This solid brick 4-unit quadplex offers lasting value & reliable cash flow. Each 1 bed, 1 bath unit features an applianced kitchen, dining area, hardwood floors, original woodwork, & its own laundry area w/ storage. Tenants enjoy the convenience of a private built-in garage & off-street parking, plus just enough green space for outdoor living. Major mechanicals are in great shape: 4 gas boilers, 4 updated breaker boxes, & 4 separate water meters w/ newer shut-off valves. Newer vinyl windows & a walk-out basement add to the long-term durability & functionality. Strong rental performance w/ value-add potential makes this property ideal for both seasoned investors and first-time multifamily buyers. 24 hour notice/respect tenant rights.
Listing Contacts
Red 1 Realty
Listed by Red 1 Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,310.00
$1,775.83/mo
Valuation Metrics
0
DSCR
6.88%
Cap Rate
6.88%
ROI
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Zoning
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