Listed by ERA Brokers Consolidated - Richfield Branch
$799,800
200 E Richfield Duplex
Details
APN 1-24-42, 1-24-43
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 4,398
Net Rentable (SqFt) 4,398
Units 2
Beds 6
Pro-Forma Cap Rate 4.26%
Pro-Forma NOI $34,097
Price per SqFt $182
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 2
Acreage 0.280
Zoning Mulitfamily
Ownership Corperate
Multifamily | 2 Units | $399,900/unit
Marketing description
Duplex consisting of two units offered at $399,900 per unit. Projected rents of $1,850 per unit with owner-paid utilities including water, sewer, trash, power, and gas. Estimated annual operating expenses of approximately $10,400, including property taxes. Stabilized annual NOI of approximately $34,000, offering a 4.26% cap rate at list price.
Investment highlights
Price per Unit: $399,900
Rent per Unit: $1,850
Gross Rent Multiplier (GRM): 18.0
Expense Ratio: 23.3%
NOI per Unit: $17,018
Listing Contacts
Listed by ERA Brokers Consolidated - Richfield Branch
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