Real People Realty
Listed by Real People Realty
$1,200,000
1248 W 83rd Street
Details
APN 20-321-300-380-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,087
Units 15
Beds 13
Cap Rate 8.76%
Occupancy 47%
Tenancy Multi
Pro-Forma Cap Rate 12.00%
Pro-Forma NOI $171,504
Class C
Year Built 1929
Buildings 1
Acreage 0.123
Zoning RS-3
Investment Type Value Add
Multifamily | 8.76% CAP | 15 Units
Marketing description
The perfect 15-unit multifamily building for any investor looking for short or long term equity! Located near recent City-backed developments ! This building features 13 spacious two-bedroom units plus 2 One-bedroom Units. Offering HIGH pro-forma cap rate, this property gives you immediate cash flow without the heavy lift of a full lease-up. The building also has the potential to add on-site laundry and tenant storage. Seller Financing Available.
Investment highlights
- Seller Financing Available
- All units lightly renovated
- Newer Broiler
- City Backed Development Zone
- Add Value: Laundry room, storage!
Listing Contacts
Real People Realty
Listed by Real People Realty
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