Listing confidential to residents of this multi-family offering. Fully assembled (18) unit condo/apt complex avail FOR SALE. Great investment opportunity in growing St. Bonifacius w/many area amenities. Roof is approx. (4) yrs old, new washer & dryer, & new water softener. Tenants pay their own elec. for heat & A/C. Restrooms have been updated w/ new tile & new tub/shower faucets. Units are in good condition w/a variety of recent updates to flooring, counters, & appliances. Gross income at $850 per 2-bdrmr & $750 per 1-bdrm is $182,400. Investment Analysis: Gross Rental Rev.: $182,400, Laundry Room Rev.: $4,800, Gross Rev.*: $187,200, Expenses: ($45,867), Structural Reserve at $.25 psf: ($3,694), Vacancy Factor at 5%: ($9,120), Utilities Vacancy at 5%: ($540), Net Operating Income (NOI): $127,979/ 7.31% CAP Rate. * Currently (2) units are vacant (118 & 112). Seller is planning to lease (1),& leave (1) open for showings. Most spaces are currently MTM, but can be extended by new Owner.
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Listing information last updated on January 19th, 2022 at 1:35am CST.