$1,075,000
$102K PRICE DROP

Estimated payment $6,921/month

Total Views 1,505
-- Bed
-- Bath
3,600 Sq Ft
$299 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

About This Home

Eight units (3 AirBnB, 5 long term tenants) with 9%+ IN PLACE cap rate. Consistently full. Levered ROI @ 18.5% with 25% down. New electrical meters and many renovated units. Solid value with architect study showing additional 4 ADU units possible for buyer. Projected $98k NOI for 2025.

Listing Agent

Adam Mcclure

License #01480278 Listed on: 06/05/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Parking

  • Parking Lot

Home Design

  • Composition Shingle Roof
  • Masonry

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Additional Features

  • Laminate Flooring
  • 5,362 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8678222

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Year Built: 1918
  • Property Sub Type: 5 or More Units
  • Prop. Type: Commercial Sale
  • Directions: MLK to 25th
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Other Equipment: DSL/Modem Line

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Rectangular Lot
  • Construction Type: Masonry

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Heating: Baseboard
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5362
  • Parcel Number: 8678222

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $1,075,000 -8.7% $299 / Sq Ft
06/05/2025 06/05/25 For Sale $1,177,000 -- $327 / Sq Ft
Source: bridgeMLS

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Source: bridgeMLS

MLS Number: 41100278

bridgeMLS