Apartment Conversion Opportunity
$3,950,000
About the Property
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Units:168
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Price ($):$3,950,000
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Year built:1973
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# Buildings:1 Building / 2 Stories
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Corridor:Interior
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Building:Wood Frame
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HVAC:Individual HVAC units
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Parking:Surface
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Roof:Pitched, Shingled
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Parcel Number(s):#010-132381-00 (Franklin)
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Land Size:3.65 acres
Facilities
Unit Potential
84 1-bedroom units (576 square feet)
Market Rent
$941/month
Rent (proj.)
$75,092/month or $901,102/year
Expenses (proj.)
$515,010
NOI (proj.)
$386,092/year
Cap Rate (proj.)
9.8%
Amenities
- Breakfast Area