Listed by Green Bridge Real Estate
$949,000
Frank G Zsoka Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,010
Units 17
Cap Rate 5.48%
NOI $51,995
Occupancy 100%
Pro-Forma Cap Rate 10.3%
Pro-Forma NOI $97,730
Price per SqFt $59
Class C
Year Built 1927
Year Renovated 2024
Buildings 1
Stories 3
Acreage 0.159
Investment Type Stabilized
Ground Lease No
10.3% Proj.Cap | 17 Recently Renovated Units | $55,824/unit
Investment highlights
17 Recently Renovated Suites / 100% Occupied
The Cap Rates for 2022, 2023, 2025 and 12 months trailing are 6.63%, 6.25%, 5.48% and 5.25%
10.30% Projected Cap w/ 8% Management and Real Estate Tax Adjustment
Ideal Section 8 Building and Location
· Located near new development, Shopping & Public Transportation in Walking distance
Located in an Opportunity Zone
Listing Contacts
Listed by Green Bridge Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,995.00
$4,332.92/mo
Valuation Metrics
0
DSCR
5.48%
Cap Rate
5.48%
ROI
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