Description
The sellers are open to selling the property as 12 units, or three fourplexes under the following price schedule:308 Charleston NE -$363,253 - $777 rents - 9.74 GRM - 5.46% before reserves Cap rate - 14.90% after tax IRR312 Charleston NE -$324,969 - $722 rents - 9.38 GRM - 5.49% before reserves Cap rate - 15.20% after tax IRR320 Charleston NE -$249,757 - $660 rents - 7.88 GRM - 5.57% before reserves.312 Charleston SE has slightly lower income (average rents of $722) and at the ask price of $324,969 the measures of investment performance include a GRM of 9.38, a before reserves cap rate of 5.49% and an after tax IRR of 15.20%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 6.76%, and cash on cash of 8.75%
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2BEDS
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0.2ACRES
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1BATHS
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01/2 BATHS
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2,581SQFT
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$126$/SQFT
School Ratings & Info
Description
The sellers are open to selling the property as 12 units, or three fourplexes under the following price schedule:308 Charleston NE -$363,253 - $777 rents - 9.74 GRM - 5.46% before reserves Cap rate - 14.90% after tax IRR312 Charleston NE -$324,969 - $722 rents - 9.38 GRM - 5.49% before reserves Cap rate - 15.20% after tax IRR320 Charleston NE -$249,757 - $660 rents - 7.88 GRM - 5.57% before reserves.312 Charleston SE has slightly lower income (average rents of $722) and at the ask price of $324,969 the measures of investment performance include a GRM of 9.38, a before reserves cap rate of 5.49% and an after tax IRR of 15.20%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 6.76%, and cash on cash of 8.75%
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 The Team | Realty Executives Advantage. Data last updated: 2022-08-19T00:04:59.153.
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