10 Unit Apartment Building
Well maintained building with extremely low deferred maintenance. Below market rents can EASILY be raised to meet market rents and achieve NOI of $116,873 (download attachment with comparable market analysis and actual inc/exp). 8/10 units nicely renovated w/ granite counters, and all units occupied. Monetized parking for 3 stalls ($300/mo) and coin laundry income ($100/mo).
Excellent location and accessibility off Ward Avenue. You can’t ask for a more stable tenant pool or better market rentability. One bedrooms in the area rent for and average of $1,242! Pro forma is based on very achievable, conservative rents of only $1050 per unit.
DO NOT DISTURB TENANTS. DO NOT VISIT PROPERTY WITHOUT LISTING AGENT APPOINTMENT. DRIVE BY OKAY
HiCentral Property Listing
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