$1,999,000
2 Property Package
Details
Property Type Multifamily
Sub Type Student Housing
Cap Rate 9.01%
NOI $180,136
Occupancy 100%
Multifamily | 9.01% CAP
Marketing description
LOCATION LOCATION LOCATION. This turn key two property package has 8 units (7 residential + 1 retail), 29 total bedrooms, and leases in place for all 7 residential units through May 2027. Offered at approximately an in place 9% cap rate (includes factoring in $35,000 for vacancy, maintenance, and management). Plus there is value add potential by finishing and renting the empty retail space. Management in place interested in staying on. Properties like these don't come along often! Listing Broker has an ownership interest in the properties.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,136.00
$15,011.33/mo
Valuation Metrics
0
DSCR
9.01%
Cap Rate
9.01%
ROI
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