Property Detail

Description

We are pleased to present a 6-unit community located at 1512 W 60th Street consisting of 6 separate bungalow structures. The building currently operates at an 8.58 GRM and 7.14% CAP Rate on actual rents with rental upside potential to a 6.23 GRM and 11.22% CAP Rate on pro-forma rents. With 6 separate bungalow structures built in 1928 on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The units consist of six (6) one bedroom one-bathroom standalone bungalows totaling 2,112 rentable square feet located on a 7,023 square foot LAR1 lot that also features 6 on-site parking spaces in the rear of the property accessible by alley which can either continue to serve as parking or for future ADUs. Contact the listing broker for additional information.