Listed by Dye Real Estate and Land Company
$630,000
4 House College Investment Portfolio
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 6,919
Units 19
Cap Rate 10.80%
NOI $68,144
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $68,144
Class C
Buildings 4
Zoning R-1
Investment Type Stabilized
Multifamily | 10.80% CAP | 4 House College Rental Package
Marketing description
This offering consists of four college rentals, located near the University of Findlay. The package provides investors with multiple income streams in a compact management area situated less than 1/2 mile from Findlay University.
123 Garfield Ave is 5 bedroom 4 full bathroom college rental with a private concrete parking lot in the rear with laundry hook ups on both the first and second floor. Totally remodeled with a second form of egress to the second story this is the premiere property in the package.
Investment highlights
- Four properties offered together for $630,000
- Two Garfield Avenue assets and two George Street assets
- Centrally located for ease of management.
- Stable cash flow with opportunity to optimize 241 George St. into additional by the room rental model.
- Less than 0.5 miles from the University of Findlay campus
- Many updates including furnaces, drywall, paint, bathrooms and kitchens.
Listing Contacts
Listed by Dye Real Estate and Land Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,144.00
$5,678.67/mo
Valuation Metrics
0
DSCR
10.82%
Cap Rate
10.82%
ROI
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