Multi-Family Cash Cow located in Opportunity Zone!
21 Units (2/1 & 1/1)
2,349 sq.ft Main House
0.7 acres / 30,492 sq.ft
Price Per Unit: $63,333
Western Ave & Dysart
Located in Charming Historic District of Avondale. 21 units 100% occupied and cash flowing 140k/annually NET. Potential to add more units on property. This is a cash cow and easy 10-12% cap with current below market rents! Easy value add by increasing rents alone.
Gross Rent $227,856 – 5% Vacancy = $216,463 Effective Gross Income
$216,463 x 35% Expenses (Taxes, Insurances, Maintenance etc)
= $140,617 NET Income
140k / 1,329 Mill = 10.5% Cap
Cash on Cash Return:
1.329 Mill Purchase x 30% Down = $398,999 Down Payment
140k NOI / $398,999 Down = 35% Cash on Cash