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37 LABROOK DR
RICHMOND, VA 23225
Asking Price
$2.20M
Cap Rate
89%
Asset Type
Multifamily
Class
Class B
What's Special
Updated Units achieve $300 rent increase <ul><li><strong style="color: rgba(0, 0, 0, 1)">Recent Renovations </strong><span style="color: rgba(0, 0, 0, 1)">Exterior & Interior: New Flooring, Fresh Paint, Updated Kitchens & Bathrooms</span></li><li><strong style="color: rgba(0, 0, 0, 1)">Upside in Loss-to-Lease </strong><span style="color: rgba(0, 0, 0, 1)">With Proven Average Mark to Market of $394 for 1BD/1BA & Opportunity to Increase Top-Line by Renovating Remaining 5 Classic Units</span></li><li><strong style="color: rgba(0, 0, 0,
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
