Listed by NAI Commercial Services
$1,057,000
Historic 1st Street Luxury Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,241
Units 4
Cap Rate 7.00%
NOI $80,976
Occupancy 100%
Class A
Buildings 2
Stories 2
Lot Size (SqFt) 12,632
Parking Spaces 2 per unit
Investment Type Core
Distinctive Historic Multi-Tenant Opportunity
Marketing description
This historic multi-tenant property offers a compelling opportunity to own an asset with character, presence, and income potential. Featuring architectural charm and a layout suited for multiple occupants, the property combines historic appeal with functional versatility. Its multi-tenant configuration provides the opportunity for diversified income streams, while the building’s distinctive identity can be a strong draw for tenants seeking space with charm and visibility. For investors looking for a property that stands out from standard inventory, this asset offers both character and long-term potential.
Investment highlights
- Distinctive historic asset with multi-tenant income potential
- Architectural character that differentiates the property in the market
- Opportunity for diversified revenue across multiple tenants
- Strong appeal for tenants seeking unique, character-driven space
- Potential to create additional value through lease-up and repositioning
- Rare opportunity to acquire a historic income-producing asset
Listing Contacts
Listed by NAI Commercial Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,976.00
$6,748.00/mo
Valuation Metrics
0
DSCR
7.66%
Cap Rate
7.66%
ROI
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