Forward Realty
Listed by Baird & Warner Gold Coast, Forward Realty
$534,900
6501 S Hermitage Avenue
Details
APN 20192210010000
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 6,400
Units 6
Cap Rate 14.90%
NOI $79,573
Occupancy 85%
Year Built 1911
Year Renovated 2021
Stories 3
Lot Size (SqFt) 5,535
Zoning MULTI
Investment Type Stabilized
Stabilized Cash Cow w no deferred maintenance | 14.9% Cap Rate - available now!
Marketing description
This newly renovated (2021) 6 unit mixed use building has a very favorable unit mix featuring three 3 bed 2 bath units, two 2 bed 1 bath units and one commercial Studio with a full bath with near market rents. All residential units leased at market rates making this a stable addition to any investors portfolio. While there's some upside potential on income, this property is an easy armchair addition to your portfolio with positive cashflow and very little to no deferred maintenance. With one unit vacant - the property is easy to show as initial showings will be of the vacant unit and common areas. This property is eligible for several financing options for well qualified buyers - please inquire with listing agent if you're seeking a resource to fund this deal.
Listing Contacts
Forward Realty
Listed by Baird & Warner Gold Coast, Forward Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,573.00
$6,631.08/mo
Valuation Metrics
0
DSCR
14.88%
Cap Rate
14.88%
ROI
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