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240 2nd Street
Davis, CA 95616
Asking Price
$2.69M
Cap Rate
4.88%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 4.88% CAP | 8 Units <ul><li>University Rice neighborhood location, positioned between Downtown Davis (1 block) and UC Davis (2 blocks)</li><li>Walkable to Downtown, UC Davis, restaurants, shopping, and Amtrak</li><li>Fully leased with strong occupancy history</li><li>Eight 2 bedroom, 1 bath units (16 bedrooms total)</li><li>Rental upside to $2,350 per unit; two units currently especially below market</li><li>Value-add opportunity through RUBS (water, sewer, garbage), laundry, and parking</li><li>Efficient op
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NOI
$80,000
Cap Rate
2.97%
DSCR
0.50
Underwater
Cash-on-Cash
-9.89%
Monthly Payment
$13,333.39
Annual Cash Flow
$-80,000.675
