No Address
- $1,025,000
- 16
- BD
- 8
- BA
- 3,040 x 2
- SqFt
- List Price
- $1,025,000
- Status
- Off-Market
- Property Type
- (Two) 4-Plexes
- Bedrooms
- 16
- Bathrooms
- 8
- Living Area
- 3,040 x 2
- Lot Size
- 7,085 x 2
- Neighborhood
- Auburn
Property Description
8-unit multifamily property consisting of (two) adjacent 4-plexes on separate parcels.
Great opportunity to purchase 8-units with residential financing!
Units are all 2bed/1bath 750SF
5/8 units have been remodeled; rents range from $925-$1100.
Coin-op laundry provides additional income.
Est GSI: $98,460
Est Expense: $20,530
Cap Rate @ $1,025,000 = $7.31%
GRM @ $1,025,000 = 9.51
Matching rents to market could bring Cap Rate to 8.25%+
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