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40-Unit Cash Cow Just Came Back to Market

198 Tupelo St, Pittsburg
ROI
22.52% IRR
Strategy
Long Term Rental
40-unit cash cow just came back to market. Listed at $2.46M with a motivated seller, current rents at 90% occupancy are over $27k/mo. (6) 3-beds, (10) 2-beds, and (24) 1-bed units. On-site coin laundry, leasing office, common area with playground and park benches. Excellent cash flow with an 8.32% cap rate and 7.25% cocr.

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40-Unit Cash Cow Just Came Back to Market

Listed 01/09/2024

198 Tupelo St, Pittsburg

Purchase Price:$2,300,000

Cash Outlay:$736,000

Cashflow:$4,447/mo

Cap Rate:8.32%

IRR:22.52%

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