$1,500,000
Wickman Apartments Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Cap Rate 4.95%
NOI $74,220
Occupancy 100%
Pro-Forma Cap Rate 7.20%
Pro-Forma NOI $108,000
Buildings 7
Acreage 13.000
Investment Type Value Add
Multifamily | 4.95% CAP | 12 Units
Marketing description
12-unit multifamily investment on approximately 13 acres with five duplex buildings and two single-family homes. Fully leased with strong occupancy history and recent improvements, offering stable cash flow and reduced near-term capital needs. Significant upside through rent increases and future development potential.
Investment highlights
- 12 Units | Fully Leased
- 4.95% Current Cap | 7.20% Pro Forma
- $33K+ Upside in Annual Income
- Below-Market Rents
- Month-to-Month Leases
- Recent Improvements
- 13 Acres – Development Potential
- 6 Parcels Included
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,220.00
$6,185.00/mo
Valuation Metrics
0
DSCR
4.95%
Cap Rate
4.95%
ROI
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Property History
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