Listed by Keller Williams Realty landmark II
$1,100,000
18-58 Cornelia Street
Details
APN 03473-0004
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,742
Units 6
Cap Rate 6.82%
NOI $74,981
Occupancy 100%
Year Built 1930
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 2,742
Zoning R6B
Investment Type Stabilized
Multifamily Building, Good for Investment. Tenants pay on time. Clean building, prepared for sale.
Marketing description
6 Family brick construction, 6 Apartments Rent Stabilized. Each apartment consists of Eik, Livrm, 3 Bedrms and 1 Bathrm. Windows in each room. Gross Yearly income is $108.471.00. Net Opereting Income is $74,980.77 and Expenses $33,490.23. Clean building, good for investors. Rubber roof was renovated in January 2024, Gas pipes are replaced in April 2024 and a new Water Heater installe in February 2025. Fully Occuied. Leases: 1L $1,431.25 1/1/28, 1R $1,746.12/12/31/26, 2L $1,250 12/1/26, 2R $1,293.69 11/1/27, 3L $1,750 1/1/27, 3R $1,567.38 7/31/27. Cap Rate 6.82%. Building size: 27.42x68. Lot size: 27.42x100. Close to M train and shops, restaurants and park
Listing Contacts
Listed by Keller Williams Realty landmark II
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$74,981.00
$6,248.42/mo
Valuation Metrics
0
DSCR
6.82%
Cap Rate
6.82%
ROI
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