Listed by RE/MAX Properties
$1,899,999
120-122 Lodi Street
Details
Property Type Multifamily, Mixed Use
Units 8
Cap Rate 7.40%
NOI $141,067
Occupancy 100%
Class C
Year Built 1916
Lot Size (SqFt) 6,000
Parking Spaces 8 spaces
Investment Type Owner/User
Ground Lease No
UNIQUE INVESTMENT OPPORTUNITY! Legal 8-unit residential property.
Marketing description
Legal 8 unit residential property located in 3 separate buildings. Three 1 bedroom 1 bath units in the one building. Three 1 bedroom 1 bath units in the second building. Two bedroom 1 bath and 3 bedroom 1 bath units in the third/rear building. Eight parking spaces in the parking lot and an additional space in the alley/driveway adjacent to building 120. All units are currently rented with leases in place. Most units with separate utilities. Close to NYC transport and shopping. A fantastic opportunity. Not to be missed !
Investment highlights
Immediate strong yield; turnkey stability; positioned for NOI growth and equity build; valuable risk mitigation; rent upside; area demand. All lease are current; strong tenant retention. Rent roll/expenses available.
Listing Contacts
Listed by RE/MAX Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,067.00
$11,755.58/mo
Valuation Metrics
0
DSCR
7.42%
Cap Rate
7.42%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
