Listed by Apartment Cash Flow Inc.
$750,000
34th Street Apartments
Details
APN 06-028-23-24-0229
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,500
Net Rentable (SqFt) 5,500
Units 6
Cap Rate 8.63%
NOI $64,792
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 8.64%
Pro-Forma NOI $64,791
Price per SqFt $136
Broker Co-Op True
Class C
Year Built 1963
Year Renovated 2024
Buildings 1
Stories 3
Acreage 0.130
Zoning Multi-Family
Parking Spaces 6 spaces
Parking Per SqFt 1.09
Investment Type Stabilized
Ownership 100%
Sale Condition 1031 exchange
Multifamily | 8.63% CAP | 6 Units
Marketing description
Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix has five one-bedroom and one studio, all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. Average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier
Investment highlights
- Spectacular six unit recently renovated with all new kitchens and bathrooms
- Unit mix has five one-bedroom and one studio, all with one full bathroom
- Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot
- 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler
- Average one-bedroom rents are $1,296 and the studio is at $1,195
- This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier
Listing Contacts
Listed by Apartment Cash Flow Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,791.72
$5,399.31/mo
Valuation Metrics
0
DSCR
8.64%
Cap Rate
8.64%
ROI
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