Listed by RE/MAX Integrity Grants Pass
$685,000
Well Maintained 4 Plex in Grants Pass, Oregon
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,148
Units 4
Cap Rate 5.53%
NOI $37,877
Occupancy 100%
Pro-Forma Cap Rate 6.8%
Pro-Forma NOI $46,609
Price per SqFt $165
Class A
Year Built 1991
Buildings 1
Stories 2
Acreage 0.240
Investment Type Owner/User
Well Maintained with long term tenants.
Marketing description
Great investment opportunity with this well maintained 4 plex in great area! Close to shopping, medical and schools, these units each have 2 bedrooms and 1 1/2 baths plus a private balcony or patio and separate one car garage. With long term tenants this property is a must see for investors and great property for a 1031 exchange. New roof 2021, HVAC serviced yearly. Rent increases take effect on two units December 1.
Listing Contacts
Listed by RE/MAX Integrity Grants Pass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,877.00
$3,156.42/mo
Valuation Metrics
0
DSCR
5.53%
Cap Rate
5.53%
ROI
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