Listed by ERA Richmond Real Estate Service
$169,900
130 East Spruce Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,640
Units 4
Cap Rate 17.76%
NOI $30,180
Occupancy 100%
Tenancy Multi
Rent Bumps No
Price per SqFt $64
Class A
Buildings 1
Acreage 0.070
Zoning C-2
Investment Type Owner/User
4-Plex Investment (MLS# 191311)
Marketing description
This 4-plex investment opportunity is situated in the heart of Titusville and features newer siding, windows, and flooring. Most of the units have some newer updates and larger floor plans. One of the units offers the potential for conversion into a two-bedroom layout, which could significantly increase rental income. Finding multi-family units in the Titusville market is a challenge, as these properties are quite rare and in high demand. Call today to go look at the property.
Investment highlights
Listing Contacts
Listed by ERA Richmond Real Estate Service
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,180.00
$2,515.00/mo
Valuation Metrics
0
DSCR
17.76%
Cap Rate
17.76%
ROI
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