Listed by Commercial Realty Associates
$55,000
408 N Springer Street 2
Details
APN 1521102009
Property Type Multifamily
Sub Type Apartment Building
Units 2
NOI $9,643
Class B
Year Built 1913
Acreage 7,500 - 8,000
Parking Spaces 2 spaces
Classic older home with a detached 1 bd. unit on a large lot w/parking.
Marketing description
BANK FORECLOSURE AND UNIQUE OPPORTUNITY! Live in one unit and rent out the other or rent both of them. They are on the same lot but separate buildings--think privacy! Access is available to the rear unit from the alley of Sycamore and Pecan. The square footage does not include the smaller, separate unit. Both units are in good condition and fully leased for a total of $1075/mo.
Listing Contacts
Listed by Commercial Realty Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,643.00
$803.58/mo
Valuation Metrics
0
DSCR
17.53%
Cap Rate
17.53%
ROI
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