Listing Notes
INVESTORS WANTED! Welcome to 13 Wall St, where potential meets already existing cash flow. This property features two 2-bedroom units with a total monthly rent of $1,450. With an asking price as listed, low operating expenses and solid fundamentals, the property produces an estimated NOI of $12,882.50, translating to an impressive ~17.2% cap rate! A classic cash-flow play with room to increase rents over time with some TLC. Property is available to purchase as a bundle with 15-17 Wall St, MLS#S1674990, at an asking price of $220,000.00. Portfolio Highlights include a combined NOI of $30,500+, portfolio cap rate of ~13.7%, strong tenant history and occupancy, clear value-add potential for future increases and growth all highlight the potential of this portfolio addition.
Price in context
Cheaper than 52% of the 21 homes listed nearby right now, which run $42,500 to $102,900.
See all 21 nearby listings
| Address | Asking | Size |
|---|---|---|
| 20 Venice St | $42,500 | 3 bd · 1 ba |
| L40 2 2nd Ave | $45,000 | — |
| 197 Perrine Ave | $49,000 | — |
| 18 Baker Ave | $49,900 | Studio |
| 55 Parker St | $49,900 | 4 bd · 2 ba |
| 40 Vitale Dr | $49,950 | — |
| 22 Miller St | $55,000 | 3 bd · 1 ba |
| 58 Orchard St | $65,000 | 5 bd · 2 ba |
| 31 Arterial W | $69,900 | Studio |
| 13 Birch Dr | $73,800 | 1 bd · 1 ba |
| 121 Osborne St | $76,900 | 3 bd · 2 ba |
| 163 North St | $79,900 | 4 bd · 3 ba |
| 309 State St | $79,900 | 3 bd · 1 ba |
| 5 Seymour St | $79,900 | 3 bd · 1 ba |
| 43 Johnson Dr | $80,300 | 2 bd · 1 ba |
| 30 Sherman St | $87,500 | 3 bd · 1 ba |
| 30 Paul St | $89,777 | 2 bd · 1 ba |
| 168 Cottage St | $99,900 | 6 bd · 2 ba |
| 10 Rock Ave | $99,999 | 4 bd · 2 ba |
| 1 Franklin St | $100,000 | 6 bd · 2 ba |
| 44 Delevan St | $102,900 | 4 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more