Courtesy of: Lou Wieland, Chapman Hall Realtors, lou@louwieland.com
Courtesy of: Lou Wieland, Chapman Hall Realtors, lou@louwieland.com
$1,725,000
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Lot: 0.79 Acres
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Other
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$1,725,000
432 4th Avenue Outstanding Investment Opportunity - 12-Unit Multifamily Key Highlights: * 100% occupancy - all units leased at $1, 150/month, with increases to $1, 250/month in late 2025. * NOI: $128, 000 * Cap Rate: 7% * Management Fee: 5% * Fully renovated in 2024 - new roof, HVAC, interiors, and exterior improvements. * Lot size: 0.9 acres - room for laundry facility or self-storage units. * Tenants pay electricity and gas; owner pays water (~$500/month). * All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Current Gross Income $165, 600 Pro Forma -$180, 000 NOI $155, 000 Value @ 7% Cap-$2.214, 286 * Immediate strong cash flow with current NOI of $128K. * Built-in appreciation of ~$385K from scheduled rent increases. * Low maintenance risk due to complete recent renovation. * Additional income potential from lot development.
Courtesy of: Lou Wieland, Chapman Hall Realtors, lou@louwieland.com
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