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23 W Old St
Petersburg, VA 23803
Asking Price
$1.10M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Historic Renovation with Opportunity to Add Units <ul><li>Five fully leased apartments with potential for STR use</li><li>B-3 zoning with potential for commercial office or retail use/conversion</li><li>Highly walkable downtown location</li><li>Value add upside with opportunity to add more units</li><li>Fully renovated historic building </li></ul>
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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602
