HIGHLIGHTS
- Property is currently generating 157K in collected Income and is projected to collect $166k at stabilization
- Close proximity to retailers such as CVS Pharmacy, Wendy's, Subway, White Castle, & Walmart
- Current cap rate of 9.2%, projected to increase to 10.5% on a stabilized basis
- Current rents below market with potential to increase to $1,250 for 2-bedroom units, $1,375 for 3- bedroom units, and $1,700 for 3-bedroom units
- All units are individually furnaced
- [6] 2-Bedroom/1-Bathroom Units & [6] 3-Bedroom/1-Bathroom Units
FOR SALE DETAILS
PRICE
$1,095,000 USD
PRICE/SF
$150 USD /SF
# OF UNITS
12
PRICE/UNIT
$91,250
CAP RATE
10.5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
8000 S Hermitage Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1929
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,362 SF
ZONING
RS 3
APN/PARCEL ID
20-31-212-019-0000
ASK ABOUT THIS PROPERTY
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312-890-2232
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312-890-2232
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