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- Listed on site  4 days ago
- Hanover
Multiplex
MLS® # X12436997
Bedrooms
6 + 2Â Beds
Bathrooms
6Â Baths
Size
2500-3000Â sqft
Total Parking Spaces
9Â (0Â Garage)Â
Front Door Facing
-Â
Lot Size
76.5 x 132 feetÂ
Description
Maximize your portfolio's potential with this exceptional 6-plex, featuring a strong 6.38% CAP rate with further upside to push the CAP rate above 7.0%. This property has R5 zoning, offering the unique potential for additional unit development. The current configuration includes four one-bedroom and two two-bedroom units, projecting a robust yearly income of $100,620.00 against low 2024 operating expenses of $17,686.12. A breakdown of these financials can be obtained by your REALTOR. Formerly the Hanover Lutheran Church, the building retains historic charm alongside major modern upgrades, including a 2022 on-demand
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Listing history of 182 12th Street
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182 12th Street
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