Listed by Steel City Realty
$822,500
627-629 Prescott Avenue
Details
APN 15706020046, 15706020047
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,928
Units 4
Cap Rate 9.56%
NOI $78,612
Occupancy 100%
Tenancy Multi
Price per SqFt $209
Class A
Year Built 2024
Buildings 2
Acreage 0.200
Zoning Multi-Family
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.04
Investment Type Stabilized
Multifamily | 4 Units | $205,625/unit
Marketing description
627 & 629 Prescott Ave, Hill Section. Package sale: 2 brand-new duplexes, 4 units, separate deeds. $6,725/mo combined ($80,700/yr gross); tenants pay utilities. Opportunity Zone. LERTA tax abatement approved: major tax savings vs. non-abated new construction. FHA/VA eligible. Priced below replacement cost. Ideal for OZ investors or owner-occupants.
Investment highlights
- New Construction
- Opportunity Zone
- LERTA tax abatement approved: major tax savings vs. non-abated new construction
- 6 Parking Spaces
Listing Contacts
Listed by Steel City Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,611.67
$6,550.97/mo
Valuation Metrics
0
DSCR
9.56%
Cap Rate
9.56%
ROI
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