Asking Price: $750,000
Building Size: 4,650 SQ FT
Cost per Square Foot: $161.29
Kiser Group is pleased to present for sale 3145 N. Keating Ave. The property consists of six (6) two-bedroom / one-bathroom units. Two units were updated in the last year, and have stainless steel appliances, granite countertops, remodeled bathrooms, and refinished hardwood floors.
3145 N. Keating Ave. presents an investor with the opportunity to acquire an asset that generates 9% cash-on-cash return based on current income. Moreover, through improved leasing and management, an investor could increase their yield by bringing all current rents to market rate and leasing the two garage parking spaces.
Key Points: Excellent Kelvyn Park Location 7 % Cap Rate 9 % Cash-On-Cash Return 13 % Proforma Cash-On-Cash Return