Here’s another great nine plex that isn’t listed anywhere in the public domain ready for sale.
The owner is retiring and is liquidating their portfolio and have started with this gem. This property is a legal nine plex with a huge lot and amazing break down of the costs. The cap rate based on purchase price is 6.5% which is better than anything I’ve seen over the past year. Last property that I sold close to this cap rate was in Acton which fetched 6.9% for a small 6 plex conversion similar to this building.
I have a lot of details included in the video so be sure to post any comment or questions in the section below or reach out to me via filling out the form.
Click below to get a detailed copy of the financials that I used in the video.