Listed by Rob Trost Real Estate, LLC
$1,250,000
1110/1120 Meadow Avenue
Details
APN 00703
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 8,198
Units 2
NOI $70,500
Year Built 1972
Acreage 1.130
Zoning R7.5
Parking Spaces 16 spaces
Parking Per SqFt 1.95
Multifamily | 2 Units
Marketing description
Rare Investment Opportunity! Two well-maintained 4-plexes on adjacent tax lots totaling 1.13 acres, sold together as a package. Fully occupied with long-term tenants and room for upside as rents remain below market. Each unit is separately metered and served by public water and sewer. Excellent ''end-of-the-road'' location backing East Elementary offering privacy and a wooded setting tenants love. Seven, one-level, 2BD/1BA units and one larger 3BD/2BA unit with 2BD/1BA on main level and primary suite upstairs with deck. Detached 1,153 sq ft three-bay shop, paved parking. Solid roofs, siding, paint, and vinyl windows. Ample parking. A local favorite with consistent, reliable income and strong rental history. A solid investment with terrific upside potential.
Listing Contacts
Listed by Rob Trost Real Estate, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,500.00
$5,875.00/mo
Valuation Metrics
0
DSCR
5.64%
Cap Rate
5.64%
ROI
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