Presenting a rare opportunity to acquire a solid 7-unit apartment property in a sought-after rental market. This well-maintained building features a balanced mix of one and three bedroom units—ideal for attracting a diverse tenant base. Each unit offers functional layouts, ample natural light, and strong rental appeal. The property also includes ample on-site parking. Whether you're a seasoned investor or just entering the multifamily space, this 7-unit building offers reliable cash flow and future appreciation.
Income
Rental Income 60,077.40
Other Income 1,880.00
Total Income 61,957.40
Operating Expenses
Taxes 4,367.71
Insurance 3,156.00
Utilities 6,500.05
Total Expenses 14,023.76
PRO FORMA
Income 76,800
NOI 62,776
Pro Forma based on 2025 Housing Authority fair market rent rates for 16057 less utilities. 1br $800, 3br $1200