Property Details
Property Type: Multifamily
Subtype: Apartment Building
Investment Type: Value Add
Class: B
Square Footage: 13,920
Price/SqFt: $125.72
Pro-Forma Cap Rate: 6.54%
Occupancy: 100%
Pro-Forma NOI: $114,398
Units: 17
Year Built: 1975
Buildings: 5
Stories: 2
Zoning: R2
Lot Size (acres): 10.14
Asking Details
Asking Price: $1,750,000
Asking Cap Rate: 6.57%
Asking NOI: $115,000
Price/Sq Ft: $125.72
Price/Unit: $102,941.18
Marketing Description
Fully rented, solid 17 units for sale. (4) four-flex and (1) single unit. $183,840 income, large units and solid rental history. Ballston Spa schools. $22,100 taxes, will cash flow. NOI between $105,000 and $115,000 after reserves, vacancy, management, etc. LA to accompany all showings.
Investment Highlights
- 17 fully leased units
- $183,840 income
- Ballston Spa schools
- $22,100 taxes
- Solid rental history