18 W Franklin St
- Fully Occupied: Mixed-unit apartment building with consistent occupancy and an established income stream.
- Strong Cash Flow: Produces stable, immediate rental income supported by a proven operating history.
- Attractive 6.63% Cap Rate: Offers investors a compelling current return profile.
- Below-Market Rents: Existing rents provide meaningful upside potential through future rent increases.
- Long-Term Growth Potential: Combines immediate cash flow and stability with opportunities to enhance revenue and overall property value.
Property Description
Fully Occupied Mixed-Unit Apartment Building | Strong Investment Opportunity K & M Commercial is pleased to exclusively offer this fully occupied mixed-unit apartment building, presenting an attractive opportunity for investors seeking stable, income-producing real estate. The property benefits from consistent occupancy, established cash flow, and a compelling 6.63% capitalization rate. Current rents remain below market, providing meaningful upside potential through future rent adjustments and improved revenue performance. With a proven income stream and additional value creation opportunities, this asset offers an appealing combination of stability, immediate cash flow, and long-term growth potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $955,000 |
| No. of Units: | 1 |
| Year Built: | 1820 |
| Lot Size: | 0.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $955,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1613 HARVARD ST NW #407
WASHINGTON, District of ColumbiaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout