Multi-family property for sale - Chaffee
109 West Yoakum Avenue, Chaffee
INVESTOR ALERT - THIS LIST PRICE OF $249,900 INCLUDES BOTH 109 W. YOAKUM (Very nice 6 Unit Apartment Building) & 115 W. YOAKUM (2 Story Building used currently for storage/warehouse) * These are 2 buildings with separate parcel #s - they are adjacent to each other & share a wall * 6 unit apt building at 109 W. Yoakum itself is an Outstanding Value & Great Income Producer- amazing Cap Rate of approx. 12% based on $225,000 market value for 109 W. Yoakum * One Efficiency Apt (vacant) - $365/mo * One 1BR, 1BA - $400 * Two 2BR, 1BA- $475 ea * Two 3BR, 2BA -$625 & $675 * Gross Operating Income: $35,580 * Annual Net Income: $27,108 * Several property & apt improvements/renovations including complete rehab of Unit #3 * Coin operated washer & dryer * Units 5 & 6 have w/d hookups * Tenants pay electric * Great parking in rear w/alley access * This can also be purchased along with 514 N. Main & 116 & 118 S. Main for Package Price of $599,900.
- Status: Active
- School district: Chaffee R-2
- Includes approx. 0.1030 acres
- Brick, stone exterior
- Cooling: Central air
- Water system: Public water
- Sewer system: Public sewer
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- This property has been viewed 94 times.
- This listing was last updated November 11, 2021.
- All information is deemed reliable but is not guaranteed.