OFFERED AT $625,000 - At $625,000 / $145 PSF, the property offers a 6.72% cap rate on 2019 income and a 6.91% of proforma income for 2020.
FULLY-LEASED 12-UNIT PROJECT - 12 Units built in 1963/1965 comprised of 9 efficiency studios ($542/mo.), 2 1-bed units ($668/mo.) & 1 2-bed unit ($725/mo.). Property is set over 0.29 acres and the building is 4,300 square feet.
OPPORTUNITY ZONE - Property is situated within a designated Opportunity Zone which offers a prospective buyer a variety of tax benefits.
CITY UTILITIES - All City Services; Water/Sewer, Electric & Gas are all master-metered; All utilities included in rent.
