ENTER YOUR INFO
Address:
{$house.listing.address.address_line_1$}
{$house.listing.address.city$}, {$house.listing.address.state$} {$house.listing.address.postal_code$}
Price:
{$house.price$}
Listing Number:
{$house.listing.listing_number$}
{$metadata[0]$}:
{$metadata[1]$}
Description: Welcome to 1000 Bellevue, a meticulously maintained property offering an exceptional investment opportunity. This 18-unit has been thoughtfully managed and optimized for a seamless transition. Extensive work has been done to enhance the property's value and reduce maintenance costs. The pro forma outlines significant revenue growth opportunities. With 16 2-bed units currently renting at $1,100, owner has converted 3 of them into 3 bed units, capturing market rents of $1,380. This leaves the remaining 13 units for the new owner. This will increase rental income by $$4,480 a month and $53,760. Additionally, $21,600 can be added from a basement storage area that can be built out for tenant use per $100 per unit. With a current NOI of $17900 and a pro forma NOI of $240,000, the property offers solid returns. Various cap rate scenarios ranging from 8%-9% present attractive investment options to buy with existing equity already built in. Don't miss this opportunity to acquire a turnkey investment with significant upside.

{$adm.title$}

Interested in this property? Contact me for more information.

Virtual Flyer
PDF Flyer
Share
{$house.agent.full_name$} | {$house.agent_title$} {$house.agent.office.office_name$}
Click For Audio 🔇