Property Overview
This stabilized multifamily investment opportunity comprises a 29,554-square-foot apartment building, originally constructed in 1925. The asset offers immediate cash flow with a strong 10.0% capitalization rate, making it an attractive acquisition for investors seeking stable income and long-term value appreciation. Priced at $3,300,000 ($112 per square foot), the property combines historic character with proven operational performance in a well-established rental market.
Property Highlights
- Property Type: Multifamily
- Asset Class: Apartment Building
- Building Size: 29,554 SF
- Year Built: 1925
- Investment Type: Stabilized
- Cap Rate: 10.0%
- Price: $3,300,000
- Price per SF: $112
Investment Summary
A turnkey multifamily asset delivering strong in-place returns and consistent occupancy. The property’s attractive basis, stabilized operations, and double-digit cap rate provide investors with an opportunity to acquire a cash-flowing asset at a compelling valuation.
