Listed by LOYD Realty
$524,900
3 Luker Circle
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 25,371
Net Rentable (SqFt) 25,371
Units 18
Cap Rate 20.16%
NOI $105,798
Occupancy 75%
Pro-Forma Cap Rate 20.16%
Pro-Forma NOI $105,798
Price per SqFt $21
Class B
Year Built 1965
Buildings 16
Acreage 8.900
Parking Spaces 3 per unit
Investment Type Value Add
Sale Condition For sale by owner
Impressive 19%+ Net Return with Value-Add Potential
Marketing description
INSANE OPPORTUNTIY!!!
Don't miss this unbeatable investment. 15 homes and a triplex on 9 acres, total of 18 units. Solid brick high quality construction, beautiful terrazzo floor on every house! ONLY 29K PER HOUSE!!! Separate electric, water and gas meters. Central heat and air. City water and sewer. PROPERTY WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!!! OVER $100K IN VALUE ADD!!! Do not miss out on this opportunity!!!
Property management and financing is available.
Looking for OFF-MARKET properties?? Visit our website: www.loydrealty.com/properties !!!
Listing Contacts
Listed by LOYD Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,798.00
$8,816.50/mo
Valuation Metrics
0
DSCR
20.16%
Cap Rate
20.16%
ROI
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