Listed by Steel City Realty
$365,000
5 Unit in Coaldale
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,072
Units 5
Cap Rate 9%
NOI $32,863
Occupancy 100%
Pro-Forma Cap Rate 11.13%
Pro-Forma NOI $40,633
Price per SqFt $119
Year Built 1925
Buildings 1
Stories 3
Zoning Resi
Investment Type Value Add
Multifamily | 5 Units | $73,000/unit
Marketing description
FULL OCCUPIED 5-unit! Unique opportunity in Coaldale Borough with low taxes for an investment property. The building consists of two 2-bedroom apartments, two studios, and one 1-bedroom apartment. There is a one-car off-street parking spot. The owner has been in the process of turning utilities over to the tenants in phases. Units 3 and 4 pay all their own utilities. Landlord pays: - water, sewer, trash for Unit 1 and 5 - water, sewer, trash for Unit 2 - Units 3 and 4 pay all their own utilities.
Listing Contacts
Listed by Steel City Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,863.00
$2,738.58/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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