This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit.Four by two bedroom one bathroom units with separate laundry rooms (in each apartment) and one of the units includes a fireplace.At the ask price of $245,000 and an average rent of $600 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.90% (before reserves), a price per unit of $61,250 a price per square foot of $71.30 an after tax IRR of 17.80%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.44, and a cap rate of 8.20% (before reserves).
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Listing information last updated on April 3rd, 2020 at 4:01pm MDT.