*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
Presenting an extraordinary investment opportunity in DeKalb, this 22-unit property consisting of 3 meticulously maintained Brick buildings (8 unit, 6 unit & 8 unit each). Exteriors has been well maintained boasting recent window replacements in all buildings within the last 5 years. The roofs are currently in good shape. Furthermore, ALL roofs are slated to replaced in 2024! Interior units are in great shape, spacious & rental ready. 2 of 3 buildings boast INDIVIDUAL WASHER/DRYER sets in each unit (3rd building has 1 set of Laundry in common areas). All buildings run efficiently having separate electric meters & gas meters. 2 of 3 buildings have electric baseboard heating systems with the 3rd building running of gas heated water-baseboards. All units present a valuable opportunity for rent increases and come with more than one parking spot per unit. Notably, the owner has additional buildings for sale in the same area that can be packaged together, expanding the potential for a comprehensive investment portfolio. Explore this lucrative property today and capitalize on the chance to contribute to DeKalb’s thriving community.
Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
---|---|---|---|
Buyer: N/A | Cost: - | Required: No | Required: NO |
Seller: N/A | Cost: - | Cost: $0 | Cost: $0 |
Notes | |||
Final water read needs to be ordered and balance paid prior to closing. |
For a list of all Municipality requirements visit our Municipality Requirements Page
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
This column shows the current financial state of the subject property. Some of these inputs may be estimations.
This column is based off of market rents and assumes proper property performance.
This column allows the user to add custom financing scenarios.
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
2023 | 2022 | 2021 | 2020 | |
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Tax Amount | $0.00 | $63,583.44 | $115,606.23 | $95,351.49 |
YOY Tax Change ($) | -$63,583.44 | -$52,022.79 | +$20,254.74 | +$9,355.41 |
YOY Tax Change (%) | -100.00% | -45.00% | +21.24% | +10.88% |
Current Assessed Value | $623,022 | Source - Public Record For more information on assessments, property taxes, and tax appeals visit: Property Taxes | Assessed - Land | $82,056 | Assessed - Improved | $540,966 |
For more information on assessments, property taxes, and tax appeals visit: Property Taxes
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
Other
Multifamily
Two - Four Unit
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Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.
Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.
Bid prices are subject to final seller confirmation. Seller confirmation is subject to a final buyer and seller signed contract.
Multiple bids from multiple parties may exist.
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