ASAP Realty Group
Listed by ASAP Realty Group
$1,500,000
1224 E Dunlap Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 6.05%
NOI $102,914
Rent Bumps Yes
Year Built 1980
Year Renovated 2023
Buildings 3
Stories 1
Zoning R-3
Parking Spaces 24 spaces
Ground Lease No
Ownership Fee Simple
Multifamily | 6.05% CAP | 8 Units
Marketing description
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
Investment highlights
- Parking Features Paved,>1 Space Per Unit
- Ownership: Fee Simple
Listing Contacts
ASAP Realty Group
Listed by ASAP Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,913.73
$8,576.14/mo
Valuation Metrics
0
DSCR
6.86%
Cap Rate
6.86%
ROI
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Tax History
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