821 E 228th Street
$1,200,000, 4,200 Sqft .07 Acres
About This Property
**9.6% Cap Rate with upside potential for 12.8% return. Buyer is eager to sell! This is a very large 3 unit building with a spacious backyard and parking spots available. Each apartment encompasses *one entire floor*. Construction is relatively new, having also been recently renovated. Property is very well maintained in great condition. Located within a couple hundred feet from subway line 2, as well as main bus lines providing excellent transportation convenience. There is a new multifamily development currently in construction in the lot adjacent to this property on the left hand side, effectively enhancing the value of this block. Rent Roll and T12 Pro Forma are all available upon request.
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Listing information last updated on May 30th, 2020 at 11:46pm CDT.