Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Lot Size: | 0.7 Acres |
Financials
Price:$2,399,000
Annual Taxes:$7,606.01
Listing Courtesy of Real Broker LLC
4 lot portfolio. 9 unit building with parking on a 12k SF lot produces 14.
Description
4 lot portfolio. 9 unit building with parking on a 12k SF lot produces $14.45k per month in actual rent. 3 platted lots sit on the same block, bringing the site to 30k SF / 0.69 acres under uniform 3000 Multi-Family General zoning. Actual rents $14.45k monthly $173.4k GPI. OpEx $19.3k. NOI $154.1k. Mix: two 2bed 2bath, two 2bed 1bath, four 1bed 1bath, one efficiency. RM-20 research allows 11 additional residential units on this vacant land, 4 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. Potential rezoning due to nearby transit stop can add additional units. Upgrades include: new roof, impact windows and doors, updated 220 electric, full sprinkler. Interior reno includes new tile, appliances, and cosmetics. Request the Offering Memo for additional information.
Amenities
- Cable Connected
- Carbon Monoxide Detectors
- Corner Lot
- Electricity Available
- Fire Alarm
- Fire Sprinkler System
- Landscaped
- Room For Pool
- Sewer Available
- Sidewalks
- Smoke Detectors
- Water Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
