Listed by Sds Realty Inc.
$1,795,000
7723 W Sunset Highway
Details
APN 25291.9003, 25291.9002, 25291.9047
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,300
Units 16
Cap Rate 6.30%
NOI $126,296
Occupancy 94%
Tenancy Multi
Pro-Forma Cap Rate 6.60%
Pro-Forma NOI $132,533
Price per SqFt $122
Year Built 1962
Year Renovated 2018
Stories 2
Acreage 2.030
Zoning Multifamily
Parking Spaces 16 spaces
Parking per 1,000 SqFt 0.98
Investment Type Value Add
Multifamily | 6.30% CAP | 16 Units
Marketing description
16-unit apartment complex in the fast-growing West Plains, featuring a solid unit mix and plenty of upside. The property has good bones — it just needs some fresh energy to really hit its potential. Opportunities for improvement include the parking areas, the central courtyard, and some light cosmetic updates inside the units. Great access and visibility off Sunset Highway, and the extra land along the frontage could open the door for a future development play.
Investment highlights
- Strong Unit Mix
- Large Land Parcel
- Carports
- Growth Area
- Value Add
- Individually metered
- Coin Op Laundry
Listing Contacts
Listed by Sds Realty Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,296.00
$10,524.67/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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Property History
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