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3101 W. 48th
Built in 1952, this 8-unit building is well maintained, has good tenants, with upside in rents.
- Build size: 5,248 SF
- Lot Size: 7,745 SF
- (8) Units; (7) 1+1 & (1) 2+2
- Current CAP Rate: 5.12%
- Pro forma CAP Rate 7.53%
- $309.64/SF on Structure
- 11.46 GRM
- Opportunity Zone
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,625,000 |
| No. of Units: | 8 |
| Cap Rate: | 5.11% |
| GRM /GIM: | 11.46 |
| Average Occupancy: | 98 |
| Year Built: | 1950 |
| Year Renovated: | 2017 |
| Building Size: | 5,248 Sq ft |
| Lot Size: | 7,744.00 Sq ft |
| No. of Stories: | 1 |
| Opportunity Zone: | Yes |
| Price per unit: | $203,125 |
| Parking Spaces: | 8 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2024 |
| Gross income: | 142290 |
| Effective Gross income: | 139445 |
| Operating expenses: | 56244 |
| Net operating income: | 83200 |
| Pre-tax cashflow: | 83199 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Lu Ruiz | 213-407-5702 | [email protected] |
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