CENTURY 21 Realty Network
Listed by CENTURY 21 Realty Network
$1,350,000
8 Unit Multi-Family
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,797
Units 10
Cap Rate 8.50%
NOI $126,902
Occupancy 80%
Tenancy Multi
Year Built 1900
Buildings 1
Acreage 1.210
Zoning URBRES
Parking Spaces spaces
Investment Type Owner/User
Sale Condition N/A
Strong Cash Flow with more potential
Marketing description
This well-maintained 8-unit multifamily investment offering strong in-place income and clear upside. Owned and occupied for over 28 years, the property reflects long-term care and operational stability. With two vacant units and several under-market rents, investors can increase income immediately without heavy capital expenditure. All units are tenant-at-will, providing flexibility for repositing. The assets benefits from separate utilities, minimizing expenses and maximizing NOI. Located across from major approved redevelopment (Whittenton Mills), the property is positioned for long-term apperception and rent growth.
Investment highlights
- All tenants are TAW
- Separate Utilities
- Coin-Op Laundry
- Has been owner-occupied for 28 years property has been taken care of
- City Water & Sewer
Listing Contacts
CENTURY 21 Realty Network
Listed by CENTURY 21 Realty Network
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,902.00
$10,575.17/mo
Valuation Metrics
0
DSCR
9.4%
Cap Rate
9.4%
ROI
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