Investment Snapshot • Asking Price: $900,000 • Units: 6 residential apartments • Occupancy: 3 occupied stabilized + 3 represented as vacant/delivered vacant • Base Gross Potential Rent: approximately $120,662/year • 2025 Seller-Reported Expenses: $47,304.73 • Seller-Schedule NOI: approximately $73,358 • Headline Cap at Asking: approximately 7.3% • Conservatively Underwritten NOI: approximately $57,973 before currently unknown insurance expense • Indicative Investor Bid Range: $900,000–$950,000 Our underwriting deliberately does not assume aggressive rents. The stabilized vacant apartment is maintained at $1,881.26/month, while… Read More »