Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.130 Rhode Island SE has slightly higher income (average rents of $596) and at the ask price of $299,0000 the measures of investment performance include a GRM of 10.45, a before reserves cap rate of 5.30% and an after tax IRR of 15.10%. If rents are raised to the market of $750, the measures of investment performance improve to a cap rate of 7.50%, and cash on cash of 12.63%
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2BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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3,000SQFT
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$100$/SQFT
School Ratings & Info
Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.130 Rhode Island SE has slightly higher income (average rents of $596) and at the ask price of $299,0000 the measures of investment performance include a GRM of 10.45, a before reserves cap rate of 5.30% and an after tax IRR of 15.10%. If rents are raised to the market of $750, the measures of investment performance improve to a cap rate of 7.50%, and cash on cash of 12.63%
IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-01-27T18:04:51.087.
Listing courtesy of Nm Apartment Advisors, Inc.. © 2022 Southwest Multiple Listing Service, Inc.