Pacwest Properties, Inc.
Listed by Pacwest Properties, Inc.
$595,000
Fourplex
Details
APN 158-34-066
Property Type Multifamily
Sub Type Apartment Building
Units 10
Cap Rate 5.00%
NOI $30,000
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.00%
Pro-Forma NOI $40,000
Price per SqFt $221
Year Built 1964
Year Renovated 2018
Buildings 1
Lot Size (SqFt) 8,445
Zoning R-4
Parking Spaces 10 spaces
Investment Type Value Add
Ownership Fee Simple
Multifamily | 10 Units | $148,750/unit
Marketing description
Investor-friendly fourplex with strong upside: single-level design, block construction, pitched roof, individually metered electric, and in-unit washer/dryer hookups. Each unit has private outdoor space (1BRs with fenced patios, 2BRs with fenced yards). Plenty of parking with 4 covered spaces plus 6 extra spots (very rare). Each unit has its own storage. Individual trash bins for each tenant. Great unit mix (two 2BR, two 1BR) with below-market rents--prime value-add opportunity.
Investment highlights
- Investor-friendly fourplex with strong upside: single-level design, block construction, pitched roof, individually metered electric, and in-unit washer/dryer hookups
- Each unit has private outdoor space (1BRs with fenced patios, 2BRs with fenced yards)
- Plenty of parking with 4 covered spaces plus 6 extra spots (very rare)
- Each unit has its own storage
- Individual trash bins for each tenant
- Great unit mix (two 2BR, two 1BR) with below-market rents--prime value-add opportunity
Listing Contacts
Pacwest Properties, Inc.
Listed by Pacwest Properties, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,000.00
$2,500.00/mo
Valuation Metrics
0
DSCR
5.04%
Cap Rate
5.04%
ROI
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