Listed by LOYD Realty
$64,900
110 57th Ave
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 1,843
Net Rentable (SqFt) 1,843
Units 2
Cap Rate 23.62%
NOI $15,328
Occupancy 100%
Pro-Forma Cap Rate 23.62%
Pro-Forma NOI $15,328
Price per SqFt $35
Class B
Year Built 1942
Buildings 1
Stories 1
Acreage 0.200
Investment Type Stabilized
Sale Condition For sale by owner
Income-Producing Property with Immediate Returns
Marketing description
CASH COW!!!
Cheap duplex. Each unit is 2bed/1bath. Decent condition. Low maintenance. Seperate electric meters. Minor cosmetic repairs are needed. Units will rent at $850 each side. PROPERTY WILL GENERATE an 19%+ NET RETURN!!! $40k IN VALUE ADD!!!! Meridian, MS is home to the Naval Air Station and has strong rental demand.
Do not miss out on this amazing opportunity!!!
Looking for OFF-MARKET properties?? Visit our website: www.loydrealty.com/properties !!!
Listing Contacts
Listed by LOYD Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$15,328.00
$1,277.33/mo
Valuation Metrics
0
DSCR
23.62%
Cap Rate
23.62%
ROI
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