409 Walnut St

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409 Walnut St

Reading, PA 19601
Asking Price
$1.09M
Cap Rate
7.57%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 7.57% CAP | 9 Units <p></p><ul><li>​7.57% Cap Rate (Current)</li><li>​7.99% Cap Rate (Pro Forma)</li><li>​8.45% Cash on Cash (Current)</li><li>​10.13% Cash on Cash (Pro Forma)</li><li>​9 unit multifamily property</li><li>​Fee Simple ownership</li><li>​Value add opportunity with below market rents</li><li>​Strong demographics in Reading, PA</li><li>​Laundry income projected - Units were just installed</li></ul>

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NOI
$80,000
Cap Rate
7.31%
DSCR
1.23
Tight
Cash-on-Cash
4.56%
Monthly Payment
$5,417.463
Annual Cash Flow
$14,990.449

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