Mid-Atlantic Real Estate Investments Inc.
Listed by Mid-Atlantic Real Estate Investments Inc.
$790,000
210 Third Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,839
Units 2
Beds 5
NOI $55,273
Occupancy 100%
Tenancy Single
Acreage 0.111
Zoning Town Residential
Investment Type Stabilized
Multifamily | 2 Units
Marketing description
Brand new multifamily building located in Quantico, Virginia. The property consists of two residential units: a 2-bedroom/1-bathroom unit renting for $2,300 per month and a 3-bedroom/1-bathroom unit renting for $3,000 per month. Total monthly rental income is $5,300, generating $63,600 in annual gross rent. The property offers strong net operating income of $55,272.56 before debt service.
Investment highlights
- Brand new building
- Two fully leased residential units
- Total monthly rent of $5,300
- Annual gross rent income of $63,600
- Net operating income of $55,272.56
- Town residential zoning
- 0.1111 acres / 4,839 sq ft lot
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
$55,272.56
$4,606.05/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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