109 East 4th Street

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109 East 4th Street

Hays, KS 67601
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

QC Mark-to-Market | Newest Asset in Market | 16.8% Yield on Cost | Zero New Supply <ul><li>​100% Occupied and Generating Stable Cash Flow: Excellent leasing trends averaging 98.5% occupancy over the last 12 months</li><li>​Excellent NOI Projections Upon Conversion to Market-Rate: $279/unit Mark to Market Premium</li><li>​Currently 9 Market-Rate Units & 54 Affordable Units: The market-rate units offer immediate value-add upside. The affordable units will be able to mark to market upon conversion</li><li>​All Units are 2BR & 3BRs: Fits the average household size of local demogra

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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