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1833 Curtis Avenue
Chariton, IA 50049
Asking Price
$4.75M
Cap Rate
8.67%
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 8.67% CAP | 52 Units <ul><li>52 Total Units - 26 fully stabilized and 100% occupied (Building 1, completed 2023); 26 units approximately 80% complete (Building 2, interior finish work remaining)</li><li>Immediate Cash Flow - Building 1 is 100% occupied and generating in-place rental income from day one of ownership</li><li>Value-Add Upside - Complete Building 2's remaining interior finish work and unlock 26 additional units of rental income</li><li>Sold As-Is - Buyer acquires the property in its current conditio
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NOI
$80,000
Cap Rate
1.68%
DSCR
0.28
Underwater
Cash-on-Cash
-14.18%
Monthly Payment
$23,500.408
Annual Cash Flow
$-202,004.9