$1,900,000
7412-7418 Olian Drive
Details
APN 08K-12-1127; 08K-12-1138; 08K-12-1149; 08K-12-1150; 08K121116
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,154
Units 20
Cap Rate 5.95%
NOI $113,095
Occupancy 95%
Pro-Forma Cap Rate 10.16%
Pro-Forma NOI $192,960
Price per SqFt $94
Year Built 1959
Buildings 2
Stories 2
Acreage 0.130
Investment Type Stabilized
Ground Lease No
Ownership Private
Multifamily | 20 Units | $95,000/unit
Marketing description
Stabilized turn key 20-unit multifamily investment in sought-after hazelwood! Exceptional opportunity to own a stabilized 20-unit
Apartment building in the highly desirable hazelwood school district. This well-performing property features a strong mix of 8 one bedroom units and 12 two-bedroom units, offering both diversity and consistent tenant demand. Units are spacious and updated, with
Many featuring remodeled kitchens some with granite countertops, updated baths, hardwood or vinyl plank flooring, and stainless steel
Appliances in select units, mostly updated HVAC systems, water heaters and sewer line replacement. Tenants enjoy the convenience of
Ample off-street parking, plus access to coin-operated and tenant-owned laundry facilities located in the basements of the buildings.
Positioned in a solid rental market with great access to highways, shopping, and major employment hubs, this property is ideal for
Investors looking for immediate cash flow with long-term growth potential. Tenants pay rent plus utility reimbursements monthly. Wellmaintained & professionally managed. Don't miss this chance to add a strong, income-producing asset to your portfolio in one of the
Most desirable rental markets. Please do not disturb tenants
Investment highlights
- Lot SqFt: 5,663
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,095.00
$9,424.58/mo
Valuation Metrics
0
DSCR
5.95%
Cap Rate
5.95%
ROI
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