About this home
4 lot portfolio. 9 unit building with parking on a 12k SF lot produces $14.45k per month in actual rent. 3 platted lots sit on the same block, bringing the site to 30k SF / 0.69 acres under uniform 3000 Multi-Family General zoning. Actual rents $14.45k monthly $173.4k GPI. OpEx $19.3k. NOI $154.1k. Mix: two 2bed 2bath, two 2bed 1bath, four 1bed 1bath, one efficiency. RM-20 research allows 11 additional residential units on this vacant land, 4 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. Potential rezoning due to nearby transit stop can add additional units. Upgrades include: new roof, impact windows and doors, updated 220 electric, full sprinkler. Interior reno includes new tile, appliances, and cosmetics. Request the Offering Memo for additional information.
Listing last checked: Listing updated:
Listed by Richard M DiPietro · Real Broker LLC · MLS #B26077350
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Details at a glance
Interior3 property facts
- Heating
- Central, Electric, Heat Pump, Separate Meters
- Cooling
- Central Air, Electric, ENERGY STAR Qualified Equipment, Humidity Control, Heat Pump, Wall/Window Unit(s)
- Flooring
- Tile
Building5 property facts
- Style
- Multi Family
- Year built
- 1961
- Parking
- 6000
- Foundation
- Block
- Roof
- Flat, Shingle
Land & utilities4 property facts
- Lot size
- 0.69 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- 3000
Financial2 property facts
- Annual taxes
- $7,606
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $2,399,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$12,764 / monthAdjust
- Principal & interest
- $12,131
- Property tax
- $634
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $7,606. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 1427 NW 2nd Avenue
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