$445,000
Three Homes - One Lot
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,327
Cap Rate 6.71%
NOI $29,860
Price per SqFt $191
Year Built 2023
Year Renovated 2023
Buildings 3
Ground Lease No
Multifamily | 6.71% CAP
Marketing description
Unique property, recently re-developed with 3 separate homes. Situated on a corner lot, the property consists of a recently constructed 4-bedroom / 2.5 bathroom home, a fully renovated 2 bedroom / 1 bathroom home, and a fully renovated 1 bedroom / 1 bathroom home. All structures updated in 2022-2023 with new windows, siding, roofing, mechanical, electrical and plumbing and finish out. Each house has an individual address and individual water/electric meter.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$29,860.00
$2,488.33/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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