Creative Results
Listed by Creative Results
$1,550,900
330 Magnolia Avenue East
Details
Property Type Retail
Square Footage 9,472
Cap Rate 2.2%
NOI $34,192
Occupancy 70%
Tenancy Single
Lease Type Gross
Lease Expiration 12/31/2026
Price per SqFt $164
Class C
Year Built 1962
Year Renovated 2021
Acreage 0.330
Zoning Residential-Multi-Family
Parking Spaces 12 spaces
Parking per 1,000 SqFt 1.27
Investment Type Value Add
Lease Commencement 06/02/2026
Ground Lease No
2-7 unit apartment | 14 units total
Investment highlights
Featuring two separate 7-unit apartment buildings, totaling 14 rental units on one PID at a .33 acres.
Situated on a desirable corner lot, the property consists entirely of 1-bedroom, 1-bath units, a consistent and highly rentable unit mix. Tenants are currently on month-to-month leases, with some receiving rental assistance, offering flexibility for future rent adjustments, property improvements, and management strategy. The property also includes 12 off-street parking stalls at the rear of the buildings, adding convenience and value for residents.
An excellent opportunity for investors seeking stable cash flow with upside potential through operational improvements and rental optimization.
Listing Contacts
Creative Results
Listed by Creative Results
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,192.00
$2,849.33/mo
Valuation Metrics
0
DSCR
2.2%
Cap Rate
2.2%
ROI
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