16 Unit Multi-Family 4-Plex Portfolio

16 Unit Multi-Family 4-Plex Portfolio For Sale:

• 10901 Towner Avenue NE 
  • Two 2 bd/1 bth & Two 1 bd/1 bth 
  • Approx. 3,100 sf
  • Shared Laundry room between 10901 & 10905
• 10905 Towner Avenue NE
  • Two 2 bd/1 bth & Two 1 bd/1 bth
  • Approx. 3,100 sf
  • Shared Laundry room between 10901 & 10905 Towner Avenue NE
• 11009 Towner Avenue NE 
  • Two 2 bd/1 bth & Two 1 bd/1 bth
  • Approx. 3,100 sf
  • Shared Laundry room between 11009 & 11013
• 11013 Towner Avenue NE 
  • Two 2 bd/1 bth & Two 1 bd/1 bth
  • Approx. 3,100 sf
  • Shared Laundry room between 11009 & 11013

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT METRO COMMERCIAL REALTY, INC FOR MORE DETAILS.

Stable Investment Opportunity

• Price: $1,800,000
• Price per Unit: $112,250
• NOI (as-is): $106,908±
• Cap Rate: 5.94%
• GRM: 9.79
• Gross Building(s) Size: 12,392 +/- sf
• Strong rental market with low vacancy
• Great Northeast Heights locations
• Individually metered for electric; gas is one gas meter for each 4-plex and is prorated in the rent
• Improvable rents
• Close proximity to schools, shopping,  restaurants and many other amenities