Listed by BUCKINGHAM INVESTMENTS
$1,800,000
227 Lime
Details
APN 7281014010
Property Type Multifamily
Sub Type Apartment Building
Units 11
Cap Rate 6.80%
Buildings 1
Acreage 0.086
Zoning Assessor
Multifamily | 6.80% CAP | 11 Units
Marketing description
Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.
Listing Contacts
Listed by BUCKINGHAM INVESTMENTS
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