ASSUMABLE loan at 3.15% until Dec, 2028. CURRENT BROKER TOUR SCHEDULE: Thursday, August 18th from 2.30 – 4pm + Friday, August 19 from 10 – 11.30am. The asset allows an incoming investor to assume existing financing at 3.15% until late 2028 providing the investor with rare positive leverage in today’s unique market. This 30-unit apartment has a variety of unit sizes and styles and consists of (3) studios, (18) 1 bed / 1 bath, (3) 2 bed / 1 bath, and (6) 2 bed / 2 bath units. The building has garaged and gated parking for up to 25 vehicles, on-site laundry which is owned by the landlord, additional storage space which could be rented to tenants with minor modifications, and a calm collective open atrium space for the tenants. As units have been turned, most units have been upgraded pushing up market rents to a current loss to lease of over 11.99%. There remains an additional 4.60% banked rent increase on units.
Courtesy of BCRE, Davide Pio,
Bay East ©2022. CCAR ©2022. bridgeMLS ©2022. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4:44 PM UTC, 9/28/22.