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Mineola203 Willis Ave 15 Unit Apartment Building$3,500,000 ($233,333/Unit)5.31% View Watchlist >
203 Willis Ave 15 Unit Apartment Building$3,500,000 ($233,333/Unit)5.31%
Notice : ( 4%Buyer Broker's fee) include in the sale .
Item # 418901
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Expand your portfolio with this 15 unit multifamily apartment building, located on Willis Avenue in the heart of Mineola. This 3 story building was built in 1931 and boasts its unique charm throughout every facet of both the interior and exterior. With close proximity to schools, hospitals, public transit and municipal parking, this building showcases convenience for tenants and guests. Hosting 15 units, this building is fully occupied and is well kept with a ground floor common area and a garden area in the rear of the building. Roof is approximately 2 years old, windows are about 5-6 years old and all units are separately metered for gas and electric.Investment Highlights
Executive Summary
Attachments
203 Willis Avenue
Property Facts
Price
$3,500,000
Price Per Unit
$233,333
Sale Type
Investment
Cap Rate
5.31%
No. Units
15
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
B
Lot Size
0.12 AC
Building Size
14,250 SF
Average Occupancy
100%
No. Stories
3
Year Built
1931
Amenities
Unit Amenities
Unit Mix Information
Description
No. Units
Avg. Rent/Mo
SF
1+1
15
-
650 - 800
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