Listed by LOYD Realty
$759,900
Carrollton Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,000
Net Rentable (SqFt) 14,000
Units 16
Cap Rate 12.24%
NOI $93,047
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 13.57%
Pro-Forma NOI $103,118
Price per SqFt $54
Class B
Year Built 1988
Year Renovated 2024
Buildings 2
Acreage 0.900
Parking Spaces 20 spaces
Parking per 1,000 SqFt 1.43
Investment Type Stabilized
Occupancy Date 06/29/2026
Sale Condition For sale by owner
12.24% NET RETURN. FULLY OCCUPIED AND TURNKEY!!!
Marketing description
GREAT INVESTMENT OPPORTUNITY!!!
16 units. 8 x 1bed/1bath and 8 x 2bed/1bath. 2beds rent for $800 and 1beds rent for $650!!!!! These properties are perfect!!! New electric, new central heat and air units, newer roof, new metal staircases and list goes on. All work is done to the top standard. Excellent condition inside and out. Absolutely no deferred maintenance. Highest quality of construction. All concrete, including walls between units and stories. Long term and high quality tenants. Nicest property on the market today. GENERATES A 12.24%+ NET RETURN ON INVESTMENT TODAY with NO SURPRISES!!! Room to increase rents for a higher return, units are under rented!!!
Do not miss out on this opportunity.
Looking for OFF-MARKET properties?? Visit our website: www.loydrealty.com/properties !!!
Listing Contacts
Listed by LOYD Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$93,047.00
$7,753.92/mo
Valuation Metrics
0
DSCR
12.24%
Cap Rate
12.24%
ROI
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