eXp Realty, LLC
Listed by eXp Realty, LLC
$609,995
8022 S Paulina Street
Details
APN 20312130240000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 6
NOI $69,247
Year Built 1926
Stories 3
Acreage 0.172
Multifamily | 6 Units
Marketing description
Turnkey 6-unit multifamily property delivering immediate cash flow with significant upside potential. Four units are currently occupied with tenants paying their own utilities, keeping operating costs lean from day one. Major capital improvements have already been addressed including a new roof, porch, fence, and updated unit interiors - removing the heavy lifting for the next owner. Two vacant units are ready to lease for instant income upside, and the unfinished basement presents an opportunity to add additional units. A 4-car garage and coin laundry installation potential offer even more ways to maximize NOI. Major CapEx done, a stabilized tenant base in place, and multiple levers to force appreciation - 8022 S Paulina is a disciplined investor's dream. Properties with this profile don't last.
Listing Contacts
eXp Realty, LLC
Listed by eXp Realty, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,247.00
$5,770.58/mo
Valuation Metrics
0
DSCR
11.35%
Cap Rate
11.35%
ROI
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