- Area 35732 sq ft
- Floors 2
- Bedrooms 2
- Bathrooms 1
Description
• Price: $2,400,000 No. Units: 30 • Building Size: 35,732 SF • Price/Unit: $74,193.55 • Property Type: Multifamily • Property Sub-type: Garden/Low-Rise • Property Use Type: Investment Description Owner Financing! (see attachments) For Sale by Owner. Conversion-Developer closeout. 56 unit property. 25 units sold. 31 left in inventory. $3,300,000 Jun'09 appraisal. Special owner financing Sale Price $2,300,000. 23 units rented month-to-month for cash flow. $22,000/mo income with all 31 rented. Rent units monthly to pay for condo fee & real estate taxes until sold. Clear $1,000,000 when all sold! Just 2 blocks off Cantrell Rd. between University Ave. & Mississippi Street. Near University, Hospitals, Medical Center, Shopping & Midway between downtown & west LR. Cantrell is a major artery.
Show MoreExterior Property Information
- Sale Status: Expired
- Net Operating Income: 20 space(s) / 1,000 ft.2
- Price: $2.00
- Gross Operating Income: 4
- Fair market value: 3
- Occupancy Rate: 85.00 %
- Operating Expenses: $ 17
- Number of units: 30
- Phone: 501 627 4625
- Email: realtyinvestment.ed@gmail.com
Exterior Features
- Community pool
- On-site laundry
- Gated community
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