OVERVIEW
• All units are 1BR/1BA
• $2,000 market rents
• Two units have been gut renovated to a luxury finish level
• Existing CapX has been primarily focused on non-income producing common area/exterior building upgrades
• Common area gas water heater replaced 05/2022 ($5k)
• Has over $450,000 in combined CapEx between current and previous owner
FOR SALE DETAILS
PRICE
$2,950,000 USD
PRICE/SF
$335 USD /SF
# OF UNITS
8800
PRICE/UNIT
$335
CAP RATE
Request Cap Rate
% LEASED
80%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1946
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.16 AC
LAND SF
7,000 SF
ZONING
RM-1
APN/PARCEL ID
02-4203-009-6520
ASK ABOUT THIS PROPERTY
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786-443-3105
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786-443-3105
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