Well maintained building with extremely low deferred maintenance. Excellent location and accessibility off Ward Avenue. You can't ask for a more stable tenant pool or better market rentability. One bedrooms in the area rent for an average of $1242! Pro forma is based on very achievable, conservative rents of only $1150 per unit. Below market rents can EASILY be raised to meet market rents and achieve NOI of $116, 873 (download attachment with comparable market analysis and actual inc/exp). 8/10 units nicely renovated w/ granite counters, and all units occupied. 2015 appraisal for $2M on file.
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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, July 3, 2022. Information is deemed
reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies