515 21st Street

Midtown

515 21st Street

Region: Midtown
Use: Multifamily
Lease or Sale: Sale
Building Size: ±4,161 SF
Sale Price: $2,550,000

  • ± 4,161 total SF building for sale in Boulevard Park
  • Purchase price: $2,550,000 ($612.83 price PSF, $150,000 average price per unit)
  • Pro-forma cap rate: 5.5%
  • Value-add housing opportunity
  • Most affordable housing that Midtown has to offer; reliable cash flow when fully leased
  • Two story building; 17 dorm-style studios, 2 shared kitchens, 3 shared bathrooms, and 1 shared laundry room
  • 6 covered parking stalls and abundant street parking
  • Recently renovated building with modern interior and exterior finishes
  • Walking and biking distance to many popular Midtown amenities, such as La Costa Cafe, New Roma Bakery, Target, Bonfare Market, Ace Hardware, The Mill Coffee, At Ease Brewing, and several bus stops

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