3-Unit Multifamily – Long-Term Tenants, Strong Cash Flow

About this deal

Three-unit brick multifamily with all units occupied: Unit 1 (2BR) $950/mo, Unit 2 (2BR) $875/mo, Unit 3 (1BR) $725/mo. Combined gross rent: $2,550/mo. All leases current — no evictions in 5 years. Building has been consistently maintained: updated plumbing, newer windows, gas forced-air heating. Close to public transit and a major employment center. Turn-key income from day one.

The numbers

Cap rate

6.5%

Net operating income

$14,040/yr

Cash flow

+$1,170/mo

Occupancy

1 of 2 units

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.