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1611 Franklin Ave 3746 Unit Apartment Building $209,900 ($56/Unit) 11.10% Cap Rate Charleston, WV 25311
Investment Highlights
- Four Unit Apartment Building
- Fully Occupied
- Two 1-Bedroom 1-Bath units and Two 2-Bedroom 1-Bath units.
Executive Summary
Four-unit apartment building with Two 1-Bedroom 1-Bath units and Two 2-Bedroom 1-Bath units.
All Units are currently rented. Current Potential Gross Income of $28,860 per year. Tenants pay Utilities except Owner pays Trash. New Roof in 2024. Each Unit has Central Gas Heat and AC. Central Staircase. Tenant Storage located in Basement with Washer/Dryer hookups. Basement has Outside Entrance.
All Units are currently rented. Current Potential Gross Income of $28,860 per year. Tenants pay Utilities except Owner pays Trash. New Roof in 2024. Each Unit has Central Gas Heat and AC. Central Staircase. Tenant Storage located in Basement with Washer/Dryer hookups. Basement has Outside Entrance.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $209,900 | Apartment Style | Low-Rise |
| Price Per Unit | $56 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 11.10% | Building Size | 3,600 SF |
| No. Units | 3746 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R-8 | ||
| Price | $209,900 |
| Price Per Unit | $56 |
| Sale Type | Investment |
| Cap Rate | 11.10% |
| No. Units | 3746 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R-8 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $550.00 | - |
| 2+1 | 2 | $650.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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1611 Franklin Ave
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