Description
FANTASTIC INVESTMENT PROPERTY OVER 7% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $94,080 with expenses $36,397 (39.9%) and a buffer for vacancy of 3% for a total of $39,219 (42.9%) and an estimated schedule Net Operating Income of $54,861. That puts this property slightly above a 7% cap rate and it's 100% occupied and stabilized. In addition rents are projected to all be at $595 by the end of 2022 increasing the NOI to $62,503 - over an 8% cap rate. This truly is a value for a seasoned or beginner investor.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
FANTASTIC INVESTMENT PROPERTY OVER 7% CAP RATE, Financial details available in associated documents, rent roll in excel tab. 8 Apartments (2bd, 1bth) and four commercial spaces all leased. Landlord pays 30% of common area utilities, all others are billed back to tenants. Gross Income Scheduled $94,080 with expenses $36,397 (39.9%) and a buffer for vacancy of 3% for a total of $39,219 (42.9%) and an estimated schedule Net Operating Income of $54,861. That puts this property slightly above a 7% cap rate and it's 100% occupied and stabilized. In addition rents are projected to all be at $595 by the end of 2022 increasing the NOI to $62,503 - over an 8% cap rate. This truly is a value for a seasoned or beginner investor.
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