Keller Williams Preferred Rlty
Listed by Keller Williams Preferred Rlty
$725,000
8923 S Cottage Grove Avenue
Details
APN 25021070010000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 9
Cap Rate 9.40%
NOI $59,502
Year Built 1964
Stories 3
Acreage 0.170
Zoning MULTI
Multifamily | 9.40% CAP | 9 Units
Marketing description
Exceptional investment opportunity on Cottage Grove Avenue! This well-maintained 9-unit masonry apartment building, built in 1964, is a 3-story walk-up offering approximately. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing strong rental appeal and income potential. Additional amenities include five on-site parking spaces and convenient coin-operated laundry for tenant use. Zoned RT-4 (legal pre-existing non-conforming), the property offers added flexibility for investors. Ownership currently covers heat/gas, hot water gas, water/sewer, trash, and common electric expenses. Recent capital improvements include a new heating system and hot water system, adding long-term value and efficiency. A prime opportunity to own a solid multifamily asset in a desirable location! Commerical lending approval or POF prior to all showings are required.
Listing Contacts
Keller Williams Preferred Rlty
Listed by Keller Williams Preferred Rlty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,502.00
$4,958.50/mo
Valuation Metrics
0
DSCR
8.21%
Cap Rate
8.21%
ROI
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Property History
Tax History
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