Investor-ready 13-unit apartment building offering immediate cash flow in a strong rental market. The property includes an owner’s suite or potential on-site manager’s quarters in addition to the 13 income-producing units. Features include on-site laundry, security system, ample off-street parking, and updates throughout. Properties of this size are rarely available, and this asset currently performs at approximately an 8.9% cap rate, with additional upside through continued unit improvements.
7,600 Sq Ft
1.27 Private Acres Lot Size
investment
$17,805 Annual Tax
Built in 1961
MLS/Listing ID R1661207
2 Stories
13 Units
Heating - Baseboard
Coin-operated
Lot - Rectangular Lot
Parking - Threeormore Spaces
Parking - No Garage
Heating - Electric
Carpet
Tile
Construction - Wood Siding
Community - Laundry Facilities
Electric Cooktop
Electric Water Heater
Refrigerator
Rubber
Membrane