Listed by Matthews
$1,395,000
1511 DeKalb Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,500
Net Rentable (SqFt) 4,275
Units 6
Cap Rate 6.4%
NOI $89,248
Occupancy 100%
Pro-Forma Cap Rate 7%
Pro-Forma NOI $97,629
Price per SqFt $254
Broker Co-Op Yes
Buildings 1
Stories 3
Lot Size (SqFt) 2,500
Zoning R6
Investment Type Value Add
$250 / SF With Upside
Marketing description
Investment highlights
Two of the six units are renovated, free market, and under-leased, with estimated 6-10% rent roll upside from those units alone
This will trade for ~$250 per SF and a 7%+ Cap rate.
Protected tax class 2A
Download linked OM which contains current and projected rent rolls.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,248.00
$7,437.33/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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