I help with creating an offer 11-Unit Long Beach Income Play strong in-place income with upside. Long Beach | 11-Unit Apartment๐ขย 11 units๐ฐ Asking: ~$1.63M๐ต Gross rental income: ~$186,000 / year๐ Net operating income (NOI): ~$122,000 / year๐ย ~7% in-place cap rate๐ซ No local rent control (AB 1482 only)๐ก Master-metered utilities โ RUBS / expense upside๐ Value-add opportunity Cash-on-Cash Snapshot: - In-place CoC: stable, cash-flowing - Post-optimization CoC: improves with rent increases + utility reimbursement Quick Description: Well-maintainedย 11-unit assetย in a solidย Long Beach rental pocket. Producingย strong incomeย today with clear, realistic upside โ no heavy construction needed.
Cotizoย Cojocaru 4:12pm What is the absolute lowest cap rate should I pursue because I am not finding any deals with a 15% cap rate or double digits for that matter in Nevada or Ohio?
I need help to create an offer for a 12 unit Complex in Cincinnati, rents per month $14,250, NOI $117,944 Cap Rate 7.26%, 100% Occupancy Rate, Total Expenses per month (Controllable and Uncontrollable) $4006 which includes repairs, maintenance, management fees, landscaping, pest control and general and admin fees. The seller is willing to take a cash discount. The price is $1,645,000