Listed by KW Commercial
$550,000
1520 North 15th Street
Details
APN 471194700
Property Type Multifamily
Sub Type Low-Rise/Garden
Square Footage 3,018
Units 3
Cap Rate 6.35%
NOI $34,950
Occupancy 100%
Tenancy Multi
Price per SqFt $182
Class A
Lot Size (SqFt) 3,600
Zoning RM-1
Investment Type Value Add
Multi Family Property
Marketing description
1520 North 16th Street presents a sophisticated multifamily opportunity featuring thoughtfully designed residences within an efficiently managed building.
The property benefits from a stable layout that supports steady occupancy and income.
Common areas are well-maintained, inviting comfortable living while minimizing operational complexity for owners. Mechanical systems deliver reliable performance, and the building's scale lends itself to both hands-on ownership and professional management.
This property represents a compelling addition to a well-balanced multifamily portfolio seeking long-term value from a premium asset.
Investment highlights
- Well-maintained multifamily building at 1520 North 16th Street
- Generously sized units offering abundant natural light
- Reliable mechanical systems reduce operational expense
- Professional management infrastructure in place
- Strong rental demand sustains stable cash flow
- Opportunity for value-add initiatives within existing footprint
- Consistent income stream from established tenant base
- Flexible ownership profile suits both investors and operators
- Durable construction minimizes ongoing capital requirements
Listing Contacts
Listed by KW Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,950.00
$2,912.50/mo
Valuation Metrics
0
DSCR
6.35%
Cap Rate
6.35%
ROI
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