Listed by Pinnacle Real Estate Advisors
$960,000
Race Street Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,104
Net Rentable (SqFt) 3,814
Units 6
Cap Rate 6.45%
NOI $61,882
Pro-Forma Cap Rate 6.68%
Pro-Forma NOI $64,162
Price per SqFt $234
Year Built 1906
Buildings 1
Stories 2
Acreage 0.150
Multifamily | 6 Units | $160,000/unit
Investment highlights
Excellent Location in City Park West
6.45% Current CAP Rate
Recent Updates Include Newer: Roof, Water Heater, Electrical and Forced Air Furnace
(3) Garages and Off-Street Parking Provide Additional Income
Two Blocks from City Park & St. Luke’s Presbyterian Hospital
Opportunity to Split Large 3Bd/2Ba Unit into Two Units (2Bd/1Ba + 1Bd/1Ba)
Great Neighborhood Demographics with Average Household Income of $104k Within 1 Mile Radius
On-Site Coin Operated Washer/Dryer and Storage Lockers
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$61,882.00
$5,156.83/mo
Valuation Metrics
0
DSCR
6.45%
Cap Rate
6.45%
ROI
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