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 11.04%
NOI $83,927
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 13.92%
Pro-Forma NOI $105,798
Price per SqFt $54
Class B
Year Built 1988
Buildings 2
Acreage 0.900
Parking Spaces 16 spaces
Parking Per SqFt 1.14
Investment Type Stabilized
Occupancy Date 10/08/2025
Sale Condition For sale by owner
GREAT INVESTMENT OPPORTUNITY!!!
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. Will generate a 13.57%+ NET RETURN ON INVESTMENT 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
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,927.00
$6,993.92/mo
Valuation Metrics
0
DSCR
11.04%
Cap Rate
11.04%
ROI
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