Astra Properties
Listed by Astra Properties
$2,295,000
1027 Southwest 3rd St
Details
Property Type Multifamily
Sub Type Apartment Building
Units 10
Cap Rate 5.62%
NOI $128,914
Occupancy 100%
Pro-Forma Cap Rate 6.28%
Pro-Forma NOI $144,214
Broker Co-Op Yes
Year Built 1960
Parking Spaces 10 spaces
Ground Lease No
Multifamily | 10 Units | $229,500/unit
Marketing description
1027 Southwest 3rd St is a unique opportunity to own a stabilized 10 unit multi-family community in growing area of Little Havana. Ownership spent over $150,000 is Capital Improvements including exterior paint and interior renovations, stainless steel appliances, new stone countertops, etc. The current rent roll is $16,525 and the new owner has the ability to recapture an average of $128/month per unit, increasing the total rent roll to $17,800. This would reflect in an increase of $15,300 of NOI from $128,914 to $144,214.
Unit mix: 10 - 1 bedroom / 1 bath units
Enjoy a strong cashflow right from the start and let the property appreciate.
Listing Contacts
Astra Properties
Listed by Astra Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,914.00
$10,742.83/mo
Valuation Metrics
0
DSCR
5.62%
Cap Rate
5.62%
ROI
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