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Outstanding Investment Opportunity - 12-Unit Multifamily Key Highlights: - 100% occupancy - all units leased at $1,150/month, with increases to $1,250/month in late 2025. - NOI: $128,000 - Cap Rate: 7% - Management Fee: 5% - Fully renovated in 2024 - new roof, HVAC, interiors, and exterior improvements. - Lot size: 0.9 acres - room for laundry facility or self-storage units. - Tenants pay electricity and gas; owner pays water (~$500/month). - All units have washer/dryer hookups and individual metering. Financial Summary: Scenario Current Gross Income $165,600 Pro Forma -$180,000 NOI $155,000 Value @ 7% Cap-$2.214,286 - Immediate strong cash flow with current NOI of $128K. - Built-in appreciation of ~$385K from scheduled rent increases. - Low maintenance risk due to complete recent renovation. - Additional income potential from lot development.
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