Listed by Investors Real Estate Partners
$1,499,000
1712 Grandin Rd SW
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,656
Units 12
Cap Rate 5.81%
NOI $87,176
Tenancy Multi
Pro-Forma Cap Rate 8.64%
Pro-Forma NOI $129,520
Acreage 0.576
Zoning RMF
Investment Type Stabilized
Multifamily | 5.81% CAP | 12 Units
Marketing description
Stabilized 12-unit multifamily offered at $1,499,000 with a 5.81% cap rate on current income and a path to 8.64% at market rents. Current NOI of $87,176 grows to $129,520 with mark-to-market rent adjustments on a brick, income-producing asset in Roanoke's high-demand Grandin Village corridor.
Investment highlights
12-unit multifamily in Roanoke's Grandin Village neighborhood
Mix of 1BR and 2BR units with 8 garage bays and shared laundry
5.81% cap rate on current income with a clear path to 8.64% at market rents
Current NOI of $87,176 growing to $129,520 at market rents
Stabilized and income-producing with meaningful rent upside remaining
Listing Contacts
Listed by Investors Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,176.00
$7,264.67/mo
Valuation Metrics
0
DSCR
5.82%
Cap Rate
5.82%
ROI
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