Lionshead Property Management
Listed by Lionshead Property Management
$2,584,000
Mirador Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,500
Units 38
Cap Rate 6.67%
NOI $172,425
Occupancy 94%
Price per SqFt $115
Class C
Year Built 1970
Year Renovated 2024
Buildings 3
Stories 2
Parking Spaces spaces
Investment Type Stabilized
Sale Condition 1031 exchange
Multifamily | 38 Units | $68,000/unit
Marketing description
38 unit apartment complex located in a quiet neighborhood. The property features a mix of 8 two bed one bath units and 30 one bed one bath units with a gross monthly income of $27,820 when fully rented. Laundry room on site with 3 washers and 3 dryers. Updates to the parking lot, many updated windows, lots of new exterior concrete, updated units, ect..
Investment highlights
37 units renovated in 2024-2025
Recently restriped the parking lot
Fenced property
Updated Laundry Room on site
Listing Contacts
Lionshead Property Management
Listed by Lionshead Property Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,425.00
$14,368.75/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
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