OVERVIEW
Established 36-unit apartment complex had 100% occupancy in 2022, 2023, 2024 and currently 100% for 2025.
Based on 2025 Proforma Income (rent increases planned for 7/1/25)and actual Expenses, asking Cap Rate is 7.48%.
This offering is priced at $99,900 per unit.
Based on Rent Roll of February 1 2025, the current actual Cap Rate is 6.7%
FOR SALE DETAILS
PRICE
$3,596,400 USD
PRICE/SF
$120 USD /SF
# OF UNITS
36
PRICE/UNIT
$99,900
CAP RATE
7.48%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
36 Unit Apartment Complex
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1965
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
2
APN/PARCEL ID
311500-007-000-0021-017-000-0000
ASK ABOUT THIS PROPERTY
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315-530-0931
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315-530-0931
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