Description
Incredible investment in JSQ redevelopment and opportunity Zone. This ground-up 2017, newly constructed 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and four 2 bed & 2 bath units. 6 of the 8 units have outdoor space. All units have in-unit washer dryer closets and on-demand hot water heaters in-unit utility closets, equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $210,000, 2019 expenses were ~ $ 18,000, providing a 5.9% cap rate. A great alternative for a 1031 exchange client.
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0BEDS
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N/AACRES
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12BATHS
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01/2 BATHS
School Ratings & Info
Description
Incredible investment in JSQ redevelopment and opportunity Zone. This ground-up 2017, newly constructed 8 unit building consists of 3 one bed & one bath, 1 two bed & one bath, and four 2 bed & 2 bath units. 6 of the 8 units have outdoor space. All units have in-unit washer dryer closets and on-demand hot water heaters in-unit utility closets, equipped with wall units that provide heat and A/C on demand. All utilities are separate, and rent control does not apply. Gross income $210,000, 2019 expenses were ~ $ 18,000, providing a 5.9% cap rate. A great alternative for a 1031 exchange client.
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Data last updated: 2021-02-28T19:25:32.953.