Property details
4-plex, Northwest Region
Property Description
4-plex that is a two story 4 plex conveniently located. Each unit is 900+/- sf and have two bedrooms. Rents are $700 per unit. Coin op laundry produces around $100. Large corner lot with mature landscaping. Asphalt parking lot for tenants and additional detached storage for each unit. In the last five or so years there are new refrigerators, stoves, hoods, water heaters, roof, exterior paint, interior paint in one unit, vinyl windows through out. Fully rented.
Images
Highlights
- Status:
- Available
- Price:
- $375,000
- PSF:
- $99
- Cap Rate:
- 7.00%
- Annual Rent:
- $25,000
- Rent Increases:
- None
Property Information
- Building Size:
- 3,800 sq.ft.
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 4
- Year Built:
- 1986
- Land Area:
- 30,000 sq.ft.
- Purchase Tenure:
- Fee Simple
Existing financing information
- Original loan amount:
- $334,000
- Interest rate:
- 7.5%
- Amortized over:
- 30 years
- Annual Cash Flow:
- $25,000
- Cash on Cash Return:
- 60.98%
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.