Listed by Matthews
$1,675,000
18-23 Cornelia Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,600
Net Rentable (SqFt) 5,600
Units 6
Cap Rate 6.89%
NOI $115,443
Pro-Forma Cap Rate 7.86%
Pro-Forma NOI $131,646
Price per SqFt $299
Broker Co-Op Yes
Buildings 1
Stories 3
Lot Size (SqFt) 2,742
Zoning R6B
Investment Type Value Add
27' Wide 6 Fam | 7.9% Cap in Near Term
Marketing description
Investment highlights
27’ wide brick six family, 50% renovated and free market
Currently under leased, with estimated 8-12% upside in rent roll
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
$115,443.00
$9,620.25/mo
Valuation Metrics
0
DSCR
6.89%
Cap Rate
6.89%
ROI
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