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1131 Commerce Street
Petersburg, VA 23803
Asking Price
$6.38M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
62 Unit Multifamily Investment | Cash Flow with 98% Occupancy <ul><li>Consistently 95%+ occupied</li><li>Low capital expenditure burden</li><li>Operates efficiently with onsite office staffed part-time</li><li>Premium amenity package</li><li>Monetize excess land to generate upside without impacting multi-family operations</li></ul>
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NOI
$80,000
Cap Rate
1.25%
DSCR
0.21
Underwater
Cash-on-Cash
-15.61%
Monthly Payment
$31,589.496
Annual Cash Flow
$-299,073.955
