NOI / Year
$387,390
Cap Rate
12.11%
GRM
7.41x
DSCR
2.00
Multi-FamilyValue-Add
12-Unit Townhome Conversion
location_on4455 Jurupa Ave, Riverside, CA 92506
List Price
$3,200,000
Sq Ft
9,600
Built
1963
person
Developer
Inland Valley Builders
infoProperty Overview
Developer acquired 1960s apartment building and converting to townhomes. 6 units complete, 6 in progress. Looking for capital partner to co-fund completion.
Square Feet
9,600
Lot Size
0.88 Acres
Year Built
1963
Cap Rate
4.8%
Key Features
12 Units6 Complete6 In ProgressConversion PlayCapital Partner Sought
trending_upIncome Assessment
Rent Scenario
Units
Gross Annual Income$432,000
Price per SqFt$333
Est. Cap Rate12.11%
calculateUnderwriting — Annual Expenses
$
$
$
$
$
$
8%
Total Annual Expenses$44,610