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1611 Franklin Ave 3746 Unit Apartment Building $290,879 CAD ($78 CAD/Unit) 11.10% Cap Rate Charleston, WV 25311
INVESTMENT HIGHLIGHTS
- Four Unit Apartment Building
- Fully Occupied
- Two 1-Bedroom 1-Bath units and Two 2-Bedroom 1-Bath units.
EXECUTIVE SUMMARY
Four-unit apartment building with Two 1-Bedroom 1-Bath units and Two 2-Bedroom 1-Bath units.
All Units are currently rented. Current Potential Gross Income of $28,860 per year. Tenants pay Utilities except Owner pays Trash. New Roof in 2024. Each Unit has Central Gas Heat and AC. Central Staircase. Tenant Storage located in Basement with Washer/Dryer hookups. Basement has Outside Entrance.
All Units are currently rented. Current Potential Gross Income of $28,860 per year. Tenants pay Utilities except Owner pays Trash. New Roof in 2024. Each Unit has Central Gas Heat and AC. Central Staircase. Tenant Storage located in Basement with Washer/Dryer hookups. Basement has Outside Entrance.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $290,879 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $78 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 11.10% | Building Size | 3,500 SF |
| No. Units | 3746 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R-8 | ||
| Price | $290,879 CAD |
| Price Per Unit | $78 CAD |
| Sale Type | Investment |
| Cap Rate | 11.10% |
| No. Units | 3746 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R-8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $762.19 CAD | - |
| 2+2 | 2 | $900.77 CAD | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 20-11- 25-0031.0000 | Total Assessment | $96,722 CAD |
| Land Assessment | $17,242 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $79,481 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
20-11- 25-0031.0000
Land Assessment
$17,242 CAD
Improvements Assessment
$79,481 CAD
Total Assessment
$96,722 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1611 Franklin Ave
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