SECAUCUS MULTIFAMILY 14 UNIT (Lodi, CA)

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SECAUCUS MULTIFAMILY 14 UNIT

14 units total - includes 2 affordable housing units)What s included Income 440 000Taxes 83 000Expenses 18 000 (Very minimal due to the fact the buildings are very young and owner self manages insurance is included in this number)Vacancy 5%NOI 339 000 with current taxes. CAP RATE AFTER EXPENSES 5.7%CAP RATE BEFORE EXPENSES 7.3%Each unit has separate utilities and water. Tenants pay for everything.There is a possibility to break down the property and sell each unit separately. This information has been provided by the current owner. Once there is real interest at this price point the owner will provide all necessary documents for this property. BROKERAGE IS NOT RESPONSIBLE FOR ANY TYPOGRAPHICAL ERRORS

08-11-2024 UNITED STATES, Lodi, CA
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