Listed by Ramshaw Real Estate, Inc.
$950,000
704 W Stoughton
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Units 8
Beds 8
Cap Rate 2.78%
NOI $26,428
Occupancy 88%
Pro-Forma Cap Rate 5.04%
Pro-Forma NOI $47,873
Multifamily | 8 Units | $118,750/unit
Marketing description
Presenting an exceptional Multifamily investment opportunity. This property features eight units, including four 1-bedrooms and four studios offering a versatile and promising investment option. With a strategic location in Urbana and great rental history, this multi-unit building provides abundant potential for steady rental income. The property's well-designed layout and ample units cater to the demands of tenants seeking both comfort and convenience. Only one vacant unit out of the 8 while the rest are leased through August 2026.
Investment highlights
8 Unit Multifamily Investment
All 1 Bedroom and Studio Units
Located Near Campus to Cater to Student and Non-Student Residents
Strong Rental History
Listing Contacts
Listed by Ramshaw Real Estate, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,428.00
$2,202.33/mo
Valuation Metrics
0
DSCR
2.78%
Cap Rate
2.78%
ROI
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