Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Or that fourplexes sales in the Q1-2022 have appreciate 12%.146 Rhode Island SE has average rents of $763 and at the ask price of $352,950 the measures of investment performance include a GRM of 9.64, a before reserves cap rate of 5.21% and an after tax IRR of 15.90%. In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry room and storage closets.
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2BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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3,000SQFT
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$118$/SQFT
School Ratings & Info
Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Or that fourplexes sales in the Q1-2022 have appreciate 12%.146 Rhode Island SE has average rents of $763 and at the ask price of $352,950 the measures of investment performance include a GRM of 9.64, a before reserves cap rate of 5.21% and an after tax IRR of 15.90%. In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry room and storage closets.
IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2022-07-01T12:05:01.147.
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Listing courtesy of Nm Apartment Advisors, Inc.. © 2022 Southwest Multiple Listing Service, Inc.