THLT Realty
Listed by THLT Realty
$480,000
6 Side by Side Single Family Homes
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 6
Cap Rate 8.5%
NOI $40,800
Occupancy 70%
Class B
Buildings 6
Acreage 0.680
Parking Spaces 12 per unit
Investment Type Value Add
Multifamily | 6 Units | $80,000/unit
Marketing description
This property features six single-family homes, each offering 3 bedrooms, 1 bathroom, a kitchen, laundry area, and living room. Four of the homes have been remodeled and are currently tenant-occupied, producing an approximate monthly income of $3,400. The remaining two homes, 411 Drew and 413 Drew, have not been remodeled and are currently used for storage, providing the next owner with additional value-add potential.Whether you’re an experienced investor or looking to expand your portfolio, this property offers immediate income with future upside.
Listing Contacts
THLT Realty
Listed by THLT Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,800.00
$3,400.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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