Listed by LOYD Realty
$79,900
1003 North Franklin Street
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 1,400
Net Rentable (SqFt) 1,400
Units 2
Cap Rate 14.39%
NOI $11,498
Occupancy 100%
Pro-Forma Cap Rate 14.39%
Pro-Forma NOI $11,498
Price per SqFt $57
Class B
Year Built 1940
Buildings 1
Acreage 0.200
Investment Type Value Add
Sale Condition For sale by owner
Centrally Located Investment Opportunity
Investment highlights
BEAUTIFUL BRICK DUPLEX!!!!
Both sides are rented. Professionally managed. Tenants pay all utilities. Basement is dry, and has space for 2 additional units!!!! Or can be expanded for additional space and more rental revenue!!! Newer roof, good condition inside and out. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Do not miss out on this opportunity. These prices are disappearing quickly!!!
Financing and property management 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
$11,498.00
$958.17/mo
Valuation Metrics
0
DSCR
14.39%
Cap Rate
14.39%
ROI
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