





Blocks away from the City line
Property Description
A Four-story Brick Walk-up Mixed Use Apartment Building consisting of Six (6) Large One Bedroom Residential Apartments Plus a Deli/Grocer Store and Stand alone One-story Beauty Salon/Barber Shop. Gross total floor area of 5,397 Square foot consisting of 4,397+/- Residential Square foot and 1,000+/- Deli Retail Square foot, Plus 600+/- square foot Hair salon/Barber Shop.
Property Details
Price: | 2300000 |
No. Units: | 8 |
Building Size: | 1399 SF |
Price/Unit: | $108,333.33 |
Property Type: | Multi-Family |
Property Sub-type: | Garden/Low-Rise |
Property Use Type: | Investment |
Cap Rate: | 3.50% |
Gross Rent Multiplier: | 19 |
Occupancy: | 100% |
No. Stories: | 4 |
Year Built: | 1931 |
Lot Size: | 1399 SF |
Units
Unit Mix
Description | No. Units | Avg. Mo. Rent |
1 Bedroom 1 Bath | 6 | $733 |
Deli Grocery | 1 | $1000 |
Hair Salon | 1 | $600 |
Financial Summary
Scheduled Gross Income | $116040 |
Effective Gross Income | $116040 |
Operating Expenses | $35440 |
Net Operating Income | $80600 |
Debt & Equity Information
Major Tenants
Tenant | SF Occupied | Lease Expired |