Listed by SNSHN Realty LLC
$725,000
8708 W Villard Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 4.63%
NOI $33,542
Occupancy 87.5%
Tenancy Multi
Pro-Forma Cap Rate 6.89%
Pro-Forma NOI $49,950
Year Built 1961
Year Renovated 2024
Acreage 0.440
Zoning RM1
Investment Type Value Add
Multifamily | 8 Units
Marketing description
Well maintained 8 unit multifamily property with strong cash flow and upside potential. Current rents total $6,970/month, with tenants responsible for gas, electric, heat, and water, keeping operating expenses low. Major capital improvements include a new roof (2019), white vinyl thermal seal windows (2023), and all new furnaces (2024).
One unit is vacant and ready for immediate occupancy, and market rents support a rent roll of $8,000+/month. Several units have been updated in the last few years with LVP flooring, refreshed kitchens, paint, and bathroom improvements.
Additional on site coin operated laundry, storage units, and outdoor parking spaces provide convenience for tenants. Great opportunity to add to your portfolio.
Investment highlights
- Roof replaced in 2019
- All furnaces replaced in 2024
- white vinyl thermal seal windows 2023
Listing Contacts
Listed by SNSHN Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,542.00
$2,795.17/mo
Valuation Metrics
0
DSCR
4.63%
Cap Rate
4.63%
ROI
Map
Zoning
RM1 ResidentialMulti FamilyMultifamily Residential Districts
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View all 156 uses Last updated Apr 10, 2026 For deeper zoning details, reports are available at Zoneomics
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