Burgan Friedkin Commercial Group
Listed by Burgan Friedkin Commercial Group
$1,970,000
Fredrick Street Apartments
Details
APN 12-534470
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,616
Cap Rate 8.47%
NOI $166,925
Occupancy 100%
Price per SqFt $80
Year Built 1968
Year Renovated 2004
Stories 1
Acreage 1.750
Zoning 401 Apartments
100% leased
Marketing description
Fredrick Street Apartments NOI $166,924,70
Ideally located in Liberty Township, Trumbull County, Ohio.
Just off the busy Belmont retail corridor near interstate I-80 and interstate 680.
Five Fully rented six plex’s includes 19 two-bedroom units and 11 one-bedroom units.
All buildings have newer roofs, new windows and new and updated boilers.
Also includes coin operated Laundry machines.
Investment highlights
Total Gross Revenue: $272,040.00.. NOI: $166,924.70
8% cap rate
Units have upside to rent increases.
Units rent quickly.
Listing Contacts
Burgan Friedkin Commercial Group
Listed by Burgan Friedkin Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,924.70
$13,910.39/mo
Valuation Metrics
0
DSCR
8.47%
Cap Rate
8.47%
ROI
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