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Investment Highlights
- 11.69% Current CAP Rate!
- Newer Roof
- Ample Off-Street Parking & Large Private Backyard
- All Large, 1Bd/1Ba Units
- On-Site Laundry
- 0.7 Miles to Stanley Marketplace and Across the Street from Montview Park
Executive Summary
JUST LISTED! This 8-unit apartment property features all large one-bedroom units and is currently operating at an 11.69% cap rate. The property includes a large private backyard.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,500
|
$28.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,875
|
$1.44
|
| Effective Gross Income |
$149,625
|
$27.34
|
| Taxes |
$9,664
|
$1.77
|
| Operating Expenses |
$28,899
|
$5.28
|
| Total Expenses |
$38,563
|
$7.05
|
| Net Operating Income |
$111,062
|
$20.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $157,500 |
| Annual Per SF | $28.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,875 |
| Annual Per SF | $1.44 |
| Effective Gross Income | |
|---|---|
| Annual | $149,625 |
| Annual Per SF | $27.34 |
| Taxes | |
|---|---|
| Annual | $9,664 |
| Annual Per SF | $1.77 |
| Operating Expenses | |
|---|---|
| Annual | $28,899 |
| Annual Per SF | $5.28 |
| Total Expenses | |
|---|---|
| Annual | $38,563 |
| Annual Per SF | $7.05 |
| Net Operating Income | |
|---|---|
| Annual | $111,062 |
| Annual Per SF | $20.30 |
Property Facts
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $118,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 11.69% | Building Size | 5,472 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Price | $950,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Cap Rate | 11.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 5,472 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.46/1,000 SF |
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,641 | 625 |
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Property Taxes
| Parcel Number | 1823-34-3-12-024 | Total Assessment | $106,570 |
| Land Assessment | $15,300 | Annual Taxes | $9,664 ($1.77/SF) |
| Improvements Assessment | $91,270 | Tax Year | 2025 |
Property Taxes
Parcel Number
1823-34-3-12-024
Land Assessment
$15,300
Improvements Assessment
$91,270
Total Assessment
$106,570
Annual Taxes
$9,664 ($1.77/SF)
Tax Year
2025
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1744 Boston St
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