Mid-Atlantic Real Estate Investments Inc.
Listed by Mid-Atlantic Real Estate Investments Inc.
$1,355,000
304 Broadway Street
Details
Property Type Multifamily
Sub Type Apartment Building
Units 4
Beds 6
NOI $94,915
Occupancy 100%
Tenancy Multi
Buildings 2
Acreage 0.067
Zoning Town Residential
Investment Type Stabilized
Multifamily | 4 Units
Marketing description
Two-building property on one tax lot featuring a total of four units across two duplex structures. The front building consists of two 2-bedroom, 1-bathroom units, both fully renovated and each equipped with in-unit laundry, with rents ranging from $2,200 to $3,200 per month. The back building contains two 1-bedroom, 1-bathroom units; one unit is fully renovated with in-unit laundry, while the upstairs unit has not been fully renovated, does not include laundry, and is currently rented at $1,050 per month. The upstairs tenant has been in place for over 10 years. Overall, three of the four units have been fully renovated.
Listing Contacts
Mid-Atlantic Real Estate Investments Inc.
Listed by Mid-Atlantic Real Estate Investments Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,914.81
$7,909.57/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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