Listed by SVN Innovative Commercial Advisors
$217,000
53 Griswold St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,600
Units 4
Cap Rate 9.71%
NOI $21,063
Occupancy 66%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 20.63%
Pro-Forma NOI $44,773
Price per SqFt $39
Broker Co-Op True
Year Built 1950
Buildings 2
Stories 2
Acreage 0.180
Zoning HI
Parking Spaces spaces
Investment Type Value Add
Multifamily | 4 Units | $54,250/unit
Marketing description
Value-add 6-unit multifamily investment opportunity at 53 Griswold Street. The property consists of four 2-bedroom units and two 3-bedroom units, including a detached single-family home that is part of the six-unit count. Separate utilities throughout help minimize operating expenses.
With upside through renovations and operational improvements, this property offers investors the opportunity to increase cash flow and long-term value. Competitively priced and well-positioned for a value-add strategy.
Investment highlights
- - 5,600 SF building
- - 6 units offering a substantial rental income potential
- - Value Add Opportunity
- - Separate Utilities
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,063.00
$1,755.25/mo
Valuation Metrics
0
DSCR
9.71%
Cap Rate
9.71%
ROI
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