Listed by Commercial Investment Strategies
$1,888,000
1213 Matlock Ave
Details
APN 1-2-4-11-41
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,588
Units 8
Cap Rate 5.15%
NOI $97,158
Occupancy 100%
Pro-Forma Cap Rate 6.31%
Pro-Forma NOI $119,218
Price per SqFt $526
Year Built 1956
Buildings 1
Stories 2
Lot Size (SqFt) 4,250
Zoning A-2
Parking Spaces 1 spaces
Parking Per SqFt 0.28
Multifamily | 8 Units | $236,000/unit
Marketing description
Care of Ownership Shines Through! Rents below market for this well-maintained 2 story hollow tile building with 8 one beds + 2 parking spaces. Underground sewer widened & redone with sump. Unit 4 re-plumbed this year. All electrical upgraded to 30kw/unit. Roof resurfaced in 2010, new paint 2024. Owned coin laundry, *cameras belong to tenants* Buyer to accept survey May 27, 2015 by DJNS Surveying and Mapping, Inc.
Listing Contacts
Listed by Commercial Investment Strategies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,158.00
$8,096.50/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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