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618-277-4400

Fully Leased Multi-Family Investment Property

$1,450,000

Listing Resources

Listing Description

Multi-Family Investment Property with 100% Occupancy

Newly Constructed (2016) 23 Unit Apartment Complex – (12) 1 Bed/1 Bath Units & (11) 2 Bed/1 Bath Units.

Unit Amenities: All units have a refrigerator and stove. Several units have a dishwasher and microwave.
Property Amenities: On Site Laundry Facilities

Two Building Complex is Situated on 6.04 Acres allowing for expansion to include 9 Additional Buildings totaling an additional 58 Units per approved Development Plans. 

Situated in an Established Neighborhood in close proximity to Greenville University and located in an Opportunity Zone.

Sale Price: $1,450,000
CAP Rate: 6.67%

Listing Details

Settings
Listing No : 2249
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Lot Size (Acres) : 6.04 Acre(s)
Sale Price : $1,450,000
CAP Rate : 6.67%
GRM : 8.60
NOI : $96,667.09
Parcel No : 05-30-11-123-000
Zoning : Planned Development
Zoning By : City of Greenville
Complex : Greenville Commons
Property Tax : $33,599.98
Tax Year : 2018
Year Built : 2016
Roof : Pitched with Asphalt Shingles
Exterior : Brick and Vinyl
Floors : 2
Total Units : 23
Gross Rental Income : $167,580
Insurance : $3,000
Utilities : $4,029.42
Property Management : $12,000.25

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