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9631 SALEM ST
NORFOLK, VA 23503-1343
Asking Price
$2.61M
Cap Rate
6.5%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Assumable Agency Debt, Renovated, Below-Market Rent <ul><li>18 Units: All One-Bedroom & One-Bathroom</li><li>Assumable Agency Debt</li><li>Walking Distance to the Beach: Less Than 0.5 Miles from Willoughby Beach</li><li>Fully Renovated Units: Interior Units Have Brand New Kitchens, New Flooring Throughout, Fresh Paint & On-Site Washer & Dryer</li></ul><p></p>
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NOI
$80,000
Cap Rate
3.07%
DSCR
0.52
Underwater
Cash-on-Cash
-9.57%
Monthly Payment
$12,912.856
Annual Cash Flow
$-74,954.271
