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1120 Elmer Street
Belmont, CA 94002
Asking Price
$1.68M
Cap Rate
3.68%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 4 Units | $420,000/unit <ul><li>Rare Belmont Fourplex off Ralston Avenue in Downtown Belmont</li><li>(4) One-Bedroom / One-Bath Units</li><li>Significant Add-Value Opportunity</li><li>Unit # 1 Currently Vacant - Freshly Painted Walls, New Flooring, and Light Fixtures ($7k improvements)</li><li>Another Unit Coming Vacant Soon</li><li>Renovate Units and Achieve Top Market Rents</li><li>New Electrical System Upgrade</li><li>New Sewer Lateral Piping Installed - $22K Improvement</li><li>Individual Water Heaters</li
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NOI
$80,000
Cap Rate
4.76%
DSCR
0.80
Underwater
Cash-on-Cash
-3.92%
Monthly Payment
$8,311.723
Annual Cash Flow
$-19,740.68
