Listed by Fulton Grace Realty
$889,900
6520 W Gunnison St
Details
APN 13074220310000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,646
Units 3
Cap Rate 2.82%
NOI $25,102
Occupancy 100%
Pro-Forma Cap Rate 4.06%
Pro-Forma NOI $36,098
Price per SqFt $192
Broker Co-Op Yes
Year Built 1985
Year Renovated 2010
Buildings 1
Stories 2
Lot Size (SqFt) 7,125
Investment Type Value Add
Multifamily | 3 Units
Marketing description
This truly unique, all brick, legal 3-unit building on a corner lot situated across the street from the golf course of Ridgemoor Country Club is the perfect investment or for the owner occupied buyer. Building is fully occupied with long term, paying tenants and has room to significantly increase the rents. Each unit has three bedrooms, 1.1 baths, living room, dining room area and eat-in kitchen. Upper two units have balconies. Appliances included are refrigerator, stove with hood and dishwasher. Units have laundry hook up. Tenants supply their own washer/dryer. All units are separately metered for gas and electric and have their own central heat and air conditioner units. Tenants pay all utilities. Owner pays for water which is included in the rent. Wonderful and easily managed turnkey investment.
Investment highlights
- * All Units are 3 bedroom, 1.1 bath
- * Located across the street from Ridgemore Country Club
- * Under market rents with long time tenants
Listing Contacts
Listed by Fulton Grace Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,102.00
$2,091.83/mo
Valuation Metrics
0
DSCR
2.82%
Cap Rate
2.82%
ROI
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