Offering around $330,000 will get you close to a 7-7.5% Cap subject to getting copies of financials.
The building was built in 1995 and has low deferred maintenance and remodeled in 2015.
It is in a good area that rents strong. Nice place.
Our agent likes it for $330,000
See listing for unit makeup.
Current rents are $2770 but could be higher. Projections were run at $735 per unit, which is what the highest unit rents for, for a total monthly income of $2940
Bottom Line: $88,275 initial investment for a potential monthly cash flow of $644.71 or a 8.76% ROI
|Address:||13231 E 31st CT|
|Lot Square Feet:||10,890|
|Parking:||Off Street Parking, Assigned Spots|