Keller Williams North Shore West
Listed by Keller Williams North Shore West
$1,495,000
643 Meadow Ln.
Details
Property Type Multifamily
Sub Type Apartment Building
Units 11
Cap Rate 9.27%
NOI $138,660
Occupancy 100%
Class B
Year Built 1988
Buildings 1
Stories 1
Acreage 0.690
Zoning RES
Parking Spaces 22 spaces
Investment Type Stabilized
11 Unit Apartment Building $107k+ NOI
Marketing description
11-unit townhouse style apartment building. All units on a single level with private entries. 9 units are 1 BR 1BA 2 units are 2BR 1 BA. All brick building. Each apartment has in unit laundry. Great rental history with barely any vacancies. Many units have been updated. Private patios overlooking wooded park land. Great location in Burlington close to Brown's Lake, downtown, Gateway, Burlington High School, and more.
Listing Contacts
Keller Williams North Shore West
Listed by Keller Williams North Shore West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,660.00
$11,555.00/mo
Valuation Metrics
0
DSCR
9.27%
Cap Rate
9.27%
ROI
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