Property Type:
Residential Income
Square Footage:
6,000
Lot Size (sq. ft.):
14,375
Status:
Closed
Current Price:
$1,212,000
List Date:
9/27/2023
Last Modified:
1/09/2024
Overview
Description
12 unique 1 bedroom apartments spread over three separate buildings with secured common entry and well-preserved mid-century modern style. Well-apportioned, accommodating floor plans with hardwood floors, built-ins, and fantastic natural light are complimented by beautiful common area gardens, creating a lush and private community atmosphere. Units are separately metered for gas and electric. Owner pays for hot water & water / sewer / garbage.
The owner has asked that we get this property moved at the ask price of $1,212,000 which is well below the comparable sales at $1,302,832.
At the ask price of $1,212,000 and an average rent of $806 measure of investment performance include a GRM of 10.44, a Cap rate of 5.93% and an after tax IRR 15.8%.
Last Updated: January - 09 - 2024
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