Listed by LOYD Realty
$495,000
320 West Main Street
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 7,900
Net Rentable (SqFt) 7,900
Units 11
Cap Rate 14.5%
NOI $71,774
Occupancy 100%
Pro-Forma Cap Rate 14.5%
Pro-Forma NOI $71,774
Price per SqFt $63
Class B
Year Built 1940
Buildings 1
Acreage 0.200
Investment Type Value Add
Value-Add Opportunity for Investors
Investment highlights
TURNKEY APARTMENTS!!!
Solid brick construction. 10 x 1bed/1bath units. 1 x 2bed/1bath units, total of 11 units. Building has been renovated. 1beds rent for $700+ and 2bed rents for $850+. Separate electric meters. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Can be sold as a package with a 17 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
$71,774.00
$5,981.17/mo
Valuation Metrics
0
DSCR
14.5%
Cap Rate
14.5%
ROI
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