$839,000
18 Florence st - 4 Family
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 2,536
Units 4
Cap Rate 9.28%
NOI $77,840
Occupancy 100%
Broker Co-Op Yes
Class C
Year Built 1925
Year Renovated 2014
Buildings 1
Stories 2
Acreage 0.110
Zoning R3
Cash flowing 4 family
Marketing description
4 Family ready for its new owner. Buyer’s financing fell through — now the opportunity is yours! Your next turnkey investment has arrived with all the heavy lifting already done. This powerhouse 4-family boasts major capital upgrades, including a brand new roof, newer windows, and a high end wall mounted boiler for maximum efficiency. With new PEX plumbing and a fully deleaded building (Letters of Compliance in hand), this is a rare, low-maintenance find. Currently generating over $87,000 in annual gross income, you can enjoy immediate cash flow from day one. Zoned R3 with stable tenancies. Pre-approval or proof of funds required for all showings.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,840.00
$6,486.67/mo
Valuation Metrics
0
DSCR
9.28%
Cap Rate
9.28%
ROI
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