Listed by LOYD Realty
$3,800,000
Azalea Apartments
Details
APN 111- -13 -9999- -0026.01
Property Type Multifamily
Sub Type Apartment Building
Square Footage 45,673
Units 102
Cap Rate 19.77%
NOI $751,380
Tenancy Multi
Pro-Forma Cap Rate 19.77%
Pro-Forma NOI $751,380
Price per SqFt $83
Class B
Year Built 1971
Buildings 16
Stories 2
Acreage 13.900
Parking Spaces spaces
Investment Type Value Add
Sale Condition For sale by owner
17%+ NET RETURN ON INVESTMENT!!! $1.2mil IN VALUE ADD!!!
Marketing description
CHEAPEST 100 UNIT COMPLEX ON THE MARKET!!!!
102 units on 13.9 acres. Sold at a serious discount, only $38k per unit!! Good occupancy. Phase 1 and appraisal reports are available by request. 17%+ NET RETURN ON INVESTMENT!!! $1.2mil IN VALUE ADD!!!
Do not miss out on this opportunity.
Looking for OFF-MARKET properties?? Visit our website: www.loydrealty.com/properties !!!
Listing Contacts
Listed by LOYD Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$751,380.00
$62,615.00/mo
Valuation Metrics
0
DSCR
19.77%
Cap Rate
19.77%
ROI
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