920 North 2nd Street

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920 North 2nd Street

Leavenworth, KS 66048
Asking Price
$6.80M
Cap Rate
7.5%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

1980s | 72 Units | KC MSA <ul><li>​50% 2bd 1.5ba</li><li>​Newer Pitched Shingle Roofs</li><li>​High Historical Occupancy</li><li>​Value Add via cosmetic upgrades, parking structures, and RUBS</li><li>​Day One Cashflow</li><li>​Assumable Freddie Debt @ 62% LTV | 6.1% | 6 years</li><li>​Individual Electric and Gas </li></ul>

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NOI
$80,000
Cap Rate
1.18%
DSCR
0.20
Underwater
Cash-on-Cash
-15.87%
Monthly Payment
$33,642.69
Annual Cash Flow
$-323,712.277

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