NOI / Year
$73,854
Cap Rate
10.63%
GRM
7.62x
DSCR
1.75
Multi-FamilyValue-Add
Magnolia Center Duplex
location_on1108 Magnolia Ave, Riverside, CA 92506
List Price
$695,000
Sq Ft
2,200
Built
1971
person
Owner
James K.
infoProperty Overview
Side-by-side duplex, both units tenant-occupied at below-market rents. Significant upside on renewal. One unit ready to renovate.
Square Feet
2,200
Lot Size
0.22 Acres
Year Built
1971
Cap Rate
5%
Key Features
2 UnitsBelow-Market RentsRenovation UpsideLong-Term Tenants
trending_upIncome Assessment
Rent Scenario
Units
Gross Annual Income$91,200
Price per SqFt$316
Est. Cap Rate10.63%
calculateUnderwriting — Annual Expenses
$
$
$
$
$
$
8%
Total Annual Expenses$17,346