Description
Maher Commercial Realty is pleased to announce the sale of this off-market five-unit apartment building in which we represented the Buyer. The subject property was sold with four out of the five existing units delivered vacant, leading to a pro forma cap rate of 10%. This well-maintained property consists of a 3-bedroom front house, and then a back building that included two x 2-bedroom units, and two x 1-bedroom units. The property sits on an impressive 9,700 square foot parcel.
Property Features:
- Sale Price: $950,000
- Building Size: 3,578 Sq.Ft.
- Land Size: 9,702 Sq.Ft.
- Price Per Sq.Ft. (Building): $265.51
- Price Per Sq.Ft. (Land): $97.92
