$1,650,000 USD
718-406-3128
HIGHLIGHTS
- Proven stability: Same ownership since 2007 with consistent management and upkeep
- Strong demand drivers: High-income area (~$126K avg) supports premium rents & retention
- Value-add upside: ~25% potential through unit renovations and rent growth
- Prime, walkable location: Fairfax District near The Grove & Melrose with 95 Walk Score
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$441 USD /SF
# OF UNITS
5
PRICE/UNIT
$330,000
CAP RATE
5.78%
% LEASED
95%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1939
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.14 AC
LAND SF
6,098 SF
ZONING
LARD1.5
APN/PARCEL ID
5527-023-016
ASK ABOUT THIS PROPERTY
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718-406-3128
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718-406-3128
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