Listed by Coldwell Banker Commercial
$1,499,000
18 Unit - Recently Updated Apartments
Details
APN 29041130110000
Property Type Multifamily
Sub Type Apartment Building
Units 18
Cap Rate 13.00%
NOI $203,799
Pro-Forma Cap Rate 15.00%
Broker Co-Op Yes
Class B
Year Built 1964
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 31,798
Zoning MF Actual Zoning
Parking Spaces 14 spaces
Sale Condition For sale by owner
Updated 18 Unit Building
Marketing description
Beautifully updated 18-unit apartment building. The building consists of 2 - 1 Bedroom units and 16 - 2 Bedroom units. 13 of the 18 units were recently (2024) updated with new kitchens, baths, flooring and appliances. The roof was replaced in 2024. Coin laundry room available, providing additional income. Landlord is responsible for gas, water, garbage, and common area electric. Building priced at a 13% Cap Rate, with a near term upside potential of 15% pro forma Cap Rate. No Seller financing. Call listing agent for additional details and to schedule an appointment.
Investment highlights
18 Units
Recently Updated.
New Roof 2024.
Coin Laundry onsite.
Listing Contacts
Listed by Coldwell Banker Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,799.00
$16,983.25/mo
Valuation Metrics
0
DSCR
13.6%
Cap Rate
13.6%
ROI
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