Listed by Parkvue Realty Florida, LLC
$649,900
6355-57 S. Francisco Avenue
Details
APN 19-24-106-021-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,108
Units 10
Cap Rate 8.42%
NOI $88,356
Tenancy Vacant
Pro-Forma NOI $88,356
Year Built 1926
Stories 2
Acreage 0.017
Zoning MULTI
Investment Type Value Add
Multifamily | 8.42% CAP | 10 Units
Marketing description
Rarely available 10-unit brick apartment building with corner-lot visibility offering a compelling value-add opportunity with strong rental repositioning upside. The property features a desirable unit mix of seven two-bedroom/one-bath units and three one-bedroom/one-bath units. Additional growth potential exists through the conversion of two non-conforming spaces into income-producing residential units, allowing investors to further scale returns.
Investment highlights
- Rarely available 10-unit brick apartment building with corner-lot visibility offering a compelling value-add opportunity with strong rental repositioning upside
- The property features a desirable unit mix of seven two-bedroom/one-bath units and three one-bedroom/one-bath units
- Additional growth potential exists through the conversion of two non-conforming spaces into income-producing residential units, allowing investors to further scale returns
Listing Contacts
Listed by Parkvue Realty Florida, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,356.00
$7,363.00/mo
Valuation Metrics
0
DSCR
13.6%
Cap Rate
13.6%
ROI
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