Offered At: $145,000
Projected: $90,360 Gross Rent Projected: 7.39% Cap
Incredible Investment Opportunity in a Thriving Locale!
- Projected Gross Rent: $90,360 annually
- Potential Approval For 4-unit property
- 3 & 2 Bedroom Counts On 4 Floors + Egress Basement
- Potential 2 Car Rear Parking
- The Block Is Poised For Development
This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Furthermore, the use case on the block creates a legitimate opportunity argument to receive community and ZBA support!
This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
Estimated Costs:
- 145k Purchase & Projected 800k Construction = 945k
- 80% LTV of 945k = 756k
- Loan Amount = 756k
- Interest Only Payments 1.5 Yrs = $5700
- Principle & Interest Payment After = $6300
- 5 Yr Loan Term w/ 25 Yr Amortization at 9%
- Loan Is 3.5 Yrs Of Principal & Interest
Exterior Photos
Contact Us For A Showing Today!