AssetlyOne
Listed by AssetlyOne
$1,199,900
3804 Mount Pleasant
Details
APN 074-152-048-0001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,358
Units 15
Cap Rate 8.60%
Occupancy 66%
Pro-Forma Cap Rate 9.17%
Pro-Forma NOI $110,000
Price per SqFt $128
Broker Co-Op Yes
Class C
Buildings 2
Stories 1
Lot Size (SqFt) 17,760
Investment Type Value Add
Sale Condition Bank owned foreclosure
Value Add - 15 unit
Marketing description
This is a great chance to pick up a 15 unit apartment complex in the growing South Union area. The property offers a mix of 4 one bedroom units and 11 two bedroom units. The property is currently 66 percent occupied, providing immediate upside for an investor focused on increasing occupancy and stabilizing income. Listing may incorporate floorplan and virtual furnishings to help visualize its potential. Property is being sold in “as-is condition” , dimensions and information are approximate and buyer/representation responsibility to verify.
Listing Contacts
AssetlyOne
Listed by AssetlyOne
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