Purchase Price - $1,170,000
Gut Rehabbed in 2013, 2302 W 19th Pl offers investors a renovated asset with below market rents equating to a value-add opportunity in a rapidly developing neighborhood.
In-Place CAP Rate-6.11%
Pro-Forma CAP Rate- 7.17%
- Individually Furnaced Large Units
- 6 Blocks from the Pink EL line
- Potential to increase rents to over $110K/year