
60
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1515 VINE ST
About This Property
A newly renovated 12-unit multifamily property designed for investors seeking a premium, low-maintenance asset. Strategically located in a desirable rental market, this property is already 70% occupied with strong leasing potential.
Each unit has been fully modernized, featuring brand-new appliances, granite countertops, and updated flooring, ensuring long-term tenant appeal. The building also includes on-site laundry facilities, individual mailboxes, and a secure entry system to enhance convenience and security.
With a 6.78% cap rate, this property offers:
Turnkey Condition – No immediate capital expenditures required
Strong Rental Demand – Positioned for full occupancy with competitive market rents
High-End Finishes – Granite countertops and modern appliances for durability and style
Tenant Amenities – Washer & dryer in the building, secure mailboxes, and updated common areas
Strategic Location – Close to major employers, universities, hospitals, and transit
This is an excellent opportunity to acquire a fully upgraded, income-generating asset with room for upside as occupancy increases. Contact us today for financials and to schedule a private tour!
Listed By
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 13, 2025 | Listed by Ramos Realty | $2,500,000 | |
Listed by Ramos Realty |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/10/2024
| |
Studio
|
-
|
9080 ft²
|
$795,000
Studio
-
9080 ft²
|
-
-
|
-
|
Robert A Velez
KW Commercial - Main St
|
Building Info
