Updated 2 months ago on .

High-Yield Investment Opportunity – Major Upgrades, Minimal Finish Work
Solid cash flow potential with major upgrades already completed, including a new roof, newer furnace, updated plumbing/electrical, and vinyl windows. Remaining work needed includes ~$30K in interior finishes and ~$10K in porch repairs. Pro forma financials show a projected GOI of $48,960 and NOI of $37,000, with an 18% post-renovation cap rate. Priced at $165K with $40K in renovations with 80/100 LTV bridge loan ($172K), a 2.48 DSCR, 48% ROI, and a 4.19 GRM. Tenant utility costs can be fairly allocated via RUBS, and there's potential for added income through coin-op laundry. With strong fundamentals and location, this is a high-yield opportunity in a growing market. Property website link:
- James Lucenti

SVN Innovative Commercial Advisors
17 Reviews
5.0 stars
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