Pro Forma Cap Rate: 10.03%
Current Cap Rate: 7.77%
Click here for Pro-Forma
Additional Info:
8-UNIT Apartment Complex
1 Bed, 1 Bath each unit
Roof: 2019
4 Units on bottom, 4 on top
Separately metered electric
2 Water meters, one per floor. Owner pays for water (~400/mo)
Other property notes:
One of the eight units is Section 8 (720/mo)
New windows on the front of the building
New siding around the building
Recently painted exterior and 7/8 interior units
7/8 Units have had refrigerators recently replaced
Window AC and Electric baseboards in each unit; tenants provide their own AC