Cash Flow - 7.65% Actual CAP Rate, with a projected 8.0%+/- Year 1 CAP Rate.! This investment offers an exceptional combination of strong in-place cash flow and future upside. Priced at just $196,333 per unit, the property presents an attractive basis, while also being located within an Opportunity Zone offering potential capital gains tax advantages. The asset consists of two separate parcels and is ideal opportunity for a 1031 exchange buyer. Additional features include ample parking consisting of six garages, six open parking spaces, a 2-car tandem driveway. Because this is a 15-unit complex, there also is no requirement for an on-site manager!
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Listing Snapshot
Price
$2,945,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
8,390 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3911 Acres
Year Built
1938
MLS® Number
OC26203300
Status
Coming Soon
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
9 hours ago
Listing first seen on site
17 hours ago
Listing updated with changes from the MLS®
General Features
Acres
0.3911
Garage
Yes
Garage Spaces
6
Land Lease
No
Number Of Stories
2
Parking Spaces
6
Property Sub Type
Apartment
Sewer
None
Special Circumstances
Standard
SqFt Total
8390
Utilities
Sewer Not Available
Water Source
Public
Interior Features
Laundry Features
None
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Exterior Features
Pool Features
None
Community Features
Community Features
SuburbanSidewalks
MLS Area
T1 - Vernon, Maywood, Hunt Pk & Bell, N of Florenc
Building Access
Ground
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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