| Type: | Multifamily Garden/Low-Rise |
| No. Units: | 30 |
| Building Size: | 28,911 SF |
| Lot Size: | 31,233 SF |
| Occupancy: | 100.00% |
| Price: | $2,625,000 |
| Price/Unit: | $87,500 |
| GRM: | 9.40 |
| Cap Rate: | 4.01% |
| Year Built: | 1957 |
Property Description:
Marcus & Millichap is proud to present Nicolet Riviera, a 30 unit apartment community situated in Baldwin Village. Priced at $87,500/unit, 9.4 x GRM and $90/square foot, this is a value add opportunity that is priced to sell. The gated property offers garden style apartment living with a recently rehabbed swimming pool and lush tropical landscaping for tenant enjoyment. Please see attached Executive Summary for detailed financial information or call the Listing Agent.
Financial Summary Actual
| Scheduled Gross Income: | $282,458 |
| Effective Gross Income: | $272,689 |
| Operating Expenses: | $167,382 |
| Net Operating Income: | $105,307 |
2 bedroom/2 bath $924 No. Units: 9
1 bedroom/1 bath $734 No. Units: 18
Single/1 bath $577 No. Units: 3
No Debt & Equity Information Provided
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