Purchase Price - $1,170,000

MLS# 09379728

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%
Pro-Forma Cash-On-Cash-12.1%

 

  • Individually Furnaced Large Units 
  • 6 Blocks from the Pink EL line
  • Potential to increase rents to over $110K/year