Listed by Saurage Rotenberg Commercial Real Estate
$1,785,700
24-Unit Apartment Complex w/ Additional Land
Details
APN 15801B2331
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,684
Units 24
Cap Rate 7%
NOI $125,000
Occupancy 100%
Price per SqFt $82
Class C
Year Built 2000
Buildings 3
Lot Size (SqFt) 75,359
Parking Spaces 30 spaces
Parking Per SqFt 1.38
Sale Condition For sale by owner
Value-Add Potential | 24 Unit Apartment Building with Additional Land Included
Marketing description
24 Unit Apartment Complex For Sale
- Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each
- Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each
- All leases are for 6 month terms
- Approximately 0.86 additional acres included could be used for additional apartments
- Has laundry facility on site
- NOI is $125,000.00, 7% CAP Rate
- Stays fully leased
- Flood Zone "X' - no flood
- Also available, 136-Unit Mini-Storage Unit
Listing Contacts
Listed by Saurage Rotenberg Commercial Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
