GLS Real Estate Inc
Listed by GLS Real Estate Inc
$6,200,000
Linda's Villa's
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,671
Units 36
Cap Rate 5.97%
NOI $370,336
Occupancy 100%
Price per SqFt $286
Year Built 1977
Buildings 1
Acreage 38482.000
Zoning Residential
Parking Spaces 36 spaces
Parking Per SqFt 1.66
Sale Condition N/A
100% Leased
Marketing description
Exceptional opportunity to own residential building with long term tenants. Situated on large lot with private pool. Two story building with comfortable large units. Consist 0f 9 two bedroom and 15 one bedroom units. 36 parking spaces. Onsite 2 washers and dryers for additional income. Few units are renovated, if the new owner like to make more improvements, potentially rents could be increased.
Plenty of storage space (4) including 'shop'/office and done bathroom in common area. Owner have plans that show possibility to add 4 more units if desired. Please do not disturb the tenants, visits by appointment only.
Investment highlights
Stable long term revenue
Large units
Listing Contacts
GLS Real Estate Inc
Listed by GLS Real Estate Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$370,336.00
$30,861.33/mo
Valuation Metrics
0
DSCR
5.97%
Cap Rate
5.97%
ROI
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