Listed by Commercial Investment Strategies
$1,993,000
2128 Date Street
Details
APN 1-2-7-002-037
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,592
Units 8
Cap Rate 5.79%
NOI $115,404
Occupancy 100%
Pro-Forma Cap Rate 6.16%
Pro-Forma NOI $122,760
Price per SqFt $555
Broker Co-Op Yes
Year Built 1950
Stories 2
Lot Size (SqFt) 4,914
Zoning A-2
Parking Spaces 7 per unit
Sale Condition 1031 exchange
Multifamily | 8 Units | $249,125/unit
Marketing description
Well-maintained building w/ excellent rental potential. Rarely available 5.67% Cap Rate on actual inc + exp w/ seasoned, strong tenant pool. All MTM leases substantially below market rates = upside to increase rents! Unique unit mix: 8 units: one 3/1.5 ba, one 3/1, four 1/1s, 2 studios, 7 parking. Building painted 2022 & Units have been upgraded. All tenants sep-metered gas & elect. Owner pays water.
Investment highlights
• Total Units: 8
• Unit Type: 4 One-Bed, 2 Three-Bed, 2 Studio
• Parking: 7
• Year Built: 1950
• 4,914sqft of Land
• 3,592sqft of Interior
Listing Contacts
Listed by Commercial Investment Strategies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,404.00
$9,617.00/mo
Valuation Metrics
0
DSCR
5.79%
Cap Rate
5.79%
ROI
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