This Multifamily Property is no longer advertised on LoopNet.com.
6112 SE 28th St
Island Terrace Apartments & 4BD/2.5BTH Home · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
Property has been held under the same ownership for over four decades
Property is nestled amongst multi-million-dollar homes
Operational upside – Opportunity to raise rents significantly, charge back for utilities, parking, and pet rent
Most units have views of the lake
Two separate tax parcels presenting a future exit strategy to sell the house off separate
Current cap rate: 4.7% and Market 5.0% cap rate
PROPERTY FACTS
No. Units
12
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.32 AC
Building Size
9,715 SF
No. Stories
3
Year Built
1958
Parking Ratio
1.24/1,000 SF
Zoning
MF-2L & R-8.4 - MF-2L & R-8.4
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
5
$1,950
610 - 850
3+2.5
1
$3,995
2,060
3+2
1
$3,500
1,320
4+2.5
1
$4,750
2,450
PROPERTY TAXES
Parcel Number
217450-3210
Improvements Assessment
$1,949,700
Land Assessment
$762,300
Total Assessment
$2,712,000
