Listed by Dalton Wade Real Estate Group
$1,800,000
6538 42nd Ave N
Details
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 5.88%
NOI $117,000
Multifamily | 8 Units | $248,750/unit
Marketing description
For Sale
Investment highlights
- (8) 2 Bedroom 1 Bath Units
- All 1,800 Monthly Rent
- 12 Month Leases Market rent is $1,900
- Property taxes are $27,500 a year
- Property insurance is $7,500 a year
- General Liability Insurance is $1,000 a year
- Landscaping is $600 a year
- Pest Control is $900 a year
- Garbage is $2,400 a year
- Water is $6,000 a year
- Tenant cover electric
- The property is fully renovated.
- Roof 2022
- New plumbing
- New Kitchen Cabinets, Granite countertops, Ceiling Fan in every room, new appliances, New
- AC in every unit (mini split), New Toilets and Vanities, rain shower in showers.
- The seller holds a security deposit for each tenant as well.
- We’re offering a fully renovated, stabilized 8-unit with tenants paying electric.
- NOI is $117k (after 4% vacancy)
- Washer and dryer for each unit
- Insulation that not only helps the heating and cooling but also prevents bugs and rodents ( the attics had no insulation when we bought)
- Upgrades to the interiors including new baseboards and crown molding
- Upgraded landscaping for better curb appeal
- Bike rack
Listing Contacts
Listed by Dalton Wade Real Estate Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,000.00
$9,750.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
