Listed by LOYD Realty
$765,000
612 West Macon Street
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 13,000
Net Rentable (SqFt) 13,000
Units 17
Cap Rate 15.06%
NOI $115,237
Occupancy 100%
Pro-Forma Cap Rate 15.06%
Pro-Forma NOI $115,237
Price per SqFt $59
Class B
Year Built 1976
Buildings 1
Acreage 0.500
Investment Type Value Add
Stable Income Potential in Decatur Market
Investment highlights
TURNKEY APARTMENTS!!!
Solid brick construction. 16 x 1bed/1bath units. 1 x 2bed/1bath units, total of 17 units. Building has been renovated. 1beds rent for $700+ and 2bed rents for $850+. Separate electric meters. PROPERTY WILL GENERATE A 15%+ NET RETURN ON INVESTMENT!!! Can be sold as a package with a 11 unit close-by.
Do not miss out on this amazing opportunity.
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
$115,237.00
$9,603.08/mo
Valuation Metrics
0
DSCR
15.06%
Cap Rate
15.06%
ROI
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