Listed by The Realty Company LLC
$1,875,000
Good Hope 12
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,402
Units 12
Cap Rate 7.51%
NOI $140,824
Occupancy 100%
Price per SqFt $122
Class C
Year Built 1976
Year Renovated 2015
Buildings 3
Stories 2
Zoning res
Parking Spaces 24 spaces
Parking Per SqFt 1.56
Investment Type Stabilized
Multifamily | 12 Units | $156,250/unit
Marketing description
This property offers a strong occupancy history and consists of 3 low-maintenance brick buildings. Recent updates include new roofs, new entry doors, and refreshed hallways, with ample parking available behind the buildings.
The units are large two-bedroom, 1.5-bath floor plans averaging 1,200 square feet each. Rent includes storage and parking, while tenants are responsible for heat, electricity, water, and sewer. Each building is also equipped with coin-operated laundry facilities.
Each building has a separate tax key.
Looking for offers!
Investment highlights
Tenants pay Heat and Electric, Owner pays insurance and taxes.
Listing Contacts
Listed by The Realty Company LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,824.00
$11,735.33/mo
Valuation Metrics
0
DSCR
7.51%
Cap Rate
7.51%
ROI
Map
Zoning
R-8 ResidentialMulti FamilyResidence District
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View all 8 uses
View all 8 uses Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
Tax History
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