927 + 547 Ralston Street
Multifamily | 17 Units | $181,842/unit
Marketing description
Unique opportunity to own a 2-property portfolio on the same street, spanning the UNR and Saint Mary’s Hospital submarkets. Recent upgrades to 927 Ralston assist in achieving maximized rents and potential value add at 547 Ralston will allow for substantial rent growth over time. As such, the pricing reflects a higher cap rate at 547 Ralston and opportunity for upside rents.
Both properties have been stable assets for ownership over the years, and allow for easy management within blocks from each other.
Investment highlights
Recent updating complete at 927 Ralston, and Laundry Income has not been included on the financial analysis. At one time, famed architect Frederick DeLongchamps was involved in 547 Ralstson, and the charm and character of this uniquely located asset is noticeable from the get-go.
Pricing at 927 Ralston is a 6% Cap rate, and 547 Ralston is a 7% Cap Rate, for a very well-priced combined 6.45% Cap on the portfolio.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
