820 E 14th St - Flats at 14th
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820 E 14th St - Flats at 14th
32 Unit Apartment Building Offered at $2,285,000 at a 7.02% Cap Rate in Owensboro, KY 42303
Investment Highlights
- $630k+ in renovations completed
- 13.8% loss to lease ($44,880)
- In-place professional 3rd party management
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,285,000 | Property Type | Multifamily |
| Price Per Unit | $71,406 | Lot Size | 0.99 AC |
| Sale Type | Investment | Building Size | 21,040 SF |
| Cap Rate | 7.02% | Average Occupancy | 92% |
| Gross Rent Multiplier | 7.88 | No. Stories | 2 |
| No. Units | 32 | Year Built | 1971 |
| Price | $2,285,000 |
| Price Per Unit | $71,406 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| Gross Rent Multiplier | 7.88 |
| No. Units | 32 |
| Property Type | Multifamily |
| Lot Size | 0.99 AC |
| Building Size | 21,040 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1971 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | $785.00 | 656 |
| 2+1 | 8 | $800.00 | 658 |
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820 E 14th St - Flats at 14th
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