One Sotheby's Int'l Realty
Listed by One Sotheby's Int'l Realty
$1,750,000
100 SE 21st Street # 8 #1-8
Details
APN 504215370020
Property Type Multifamily, Business for Sale
Sub Type Apartment Building, Business Only
Square Footage 5,104
Units 8
NOI $81,149
Year Built 1977
Stories 2
Acreage 0.328
Zoning RMM-25
Parking Spaces 12 spaces
Parking Per SqFt 2.35
Ownership Sole Proprietor
Multifamily | 8 Units
Marketing description
Contemporary style 2 story apartment complex built in 1978, has 8 units in total, (1) 2/1 and (7) 1/1's all with private entrances and patio, balconies, central ac. Complex has 12 parking spaces guest and assigned. Total square footage under air is 5,104 and total lot square ft. 14,300, all of the 8 units are month to month. Present rents are below market value /w/renovations the potential gross income of $175,000 + POSSIBILITY of a 6% + cap rate. Expenses are minimal with low landscape maintenance, laundry facility on premise which generates income.. Excellent location mins to beaches, restaurants, shoppes, groceries and expressway.
Listing Contacts
One Sotheby's Int'l Realty
Listed by One Sotheby's Int'l Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,149.00
$6,762.42/mo
Valuation Metrics
0
DSCR
4.64%
Cap Rate
4.64%
ROI
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