7.75% CAP
no data
Multi-family
Property Type
No NOI data
Net Operating Income (NOI)
4 unit(s)
Total Units
7.75%
CAP RATE
4
Leasable Doors
No price data
Price per unit
Here is an incredible opportunity to purchase an entire 9 unit rental portfolio with tremendous cash flow on day one. In addition, the new owner has the ability to quickly add value by finishing the renovation process on the last few units. This rental portfolio consists of 4 excellent properties in Grove City Pennsylvania. 229 Grace St Triplex, 227 Grace St Triplex, 221-1/2 Grace St SFR, and 412 W Main St Duplex. These well updated apartments have excellent long term tenants in place. Also, in addition to a typical cash, 1031, or standard financing purchase options, this portfolio has the unique option of an assumable loan with an interest rate of just 4.75%. Contact agent for more details. ashingleton@tprsold.com or text/call 724-496-1063
Rent Roll:
- 229 Grace St Triplex
- Apt 1 3br 1bath $1000
- Apt 2 2br 1bath $550
- Apt 3 2br 1bath $750
- 221-1/2 Grace St SFR
- 2br 1bath $787.50
- 412 W Main St
- Apt 1 2br 1bath $1000
- Apt 2 1br 1bath $900
227 Grace St Triplex
- Apt 1,2,3 currently unoccupied due to renovations
- Total Current Monthly Rent: $4,987.50
- Total Current Yearly Rent: $59,850
- Total Current NOI after Taxes ($4,684.85), Insurance ($5,937.00), and other expenses: $39,508.15
Pro Forma NOI of ($75,328.15) is based on the completion of 227 Grace St apartments.
