The property is a mix of 1 BR, 2 BR, and 3 BR units
70’s vintage asset, but there is very little deferred maintenance as about all but one of the units has been renovated to include a combination of the following upgrades: new windows, stainless steel appliances, granite countertops, oak cabinets, new tub/shower, tile flooring, and in unit washer/dryer
Pricing guidance is $16,350,000 and an 7.29% in place cap rate
3-property, 235-unit multi-family property portfolio for sale off-market in the Quad Cities
Significant capex has been recently spent on all three properties by current ownership, totaling $739,000
All three properties have assumable debt totaling 63% LTV with a weighted interest rate of 4.34%. One of the loans matures in 2031 and the other two mature in 2042
Pricing Guidance for the portfolio is $66K/Unit and an in-place 6.22% cap rate
115-unit multi-family property for sale off-market in Davenport, Iowa
65% of the units have experienced a full or light renovation. Other major upgrades include decking improvement, painting, new boiler installations, and upgrade of exteriors
In total, $444,000 of capex has been recently spent by current ownership
There is attractive assumable Freddie Mac financing in-place with the following terms: 58% LTV, 3.78% interest rate, 8 years remaining on the term, 30-year amortization
Pricing guidance is $58K/unit and an in-place 7.11% cap rate
Over 160 multi-family units for sale in Brooklyn, NY
The properties consist of 3 separate elevator apartment buildings located in southcentral and southwest neighborhoods of BK
The assets can be sold separately or together
This is a rare opportunity to acquire well maintained properties in a supply constrained market, with artificially below market rents, substantially below replacement cost
There is significant long-term upside, along with a mix of free-market units, and a large portion of units operating on preferential rents
Thank you for filling out the Property Valuation form
We will be in touch as soon as possible
Oops! Something went wrong while submitting the form.
Monetize CRE investments
Tell us about your property and our skilled advisors will connect with you for a complementary valuation.