Welcome to Brighton Place Townhouses — an exceptional investment opportunity to
acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath
townhome-style units. Each unit includes both front and rear entrances, a spacious
living room with hardwood floors, and a full kitchen on the main level. Upstairs, you’ll
find two bedrooms and a full bathroom.
Every unit also includes a private basement along with individual furnaces, water
heaters, and separate gas and electric meters. Tenants are responsible for their own
utilities, with the exception of water and sewer. The property offers ample parking for all
residents, plus 14 garage bays.
The complex benefits from stable occupancy, and over two-thirds of the rental income is
guaranteed through subsidies. Significant upside exists in raising rents, and a
fresh Certificate of Compliance has just been issued.
Offered at $2.85M, this investment delivers a strong 10% cap rate.
11,088 Sq Ft
2.4773 Private Acres Lot Size
investment
$35,620 Annual Tax
Built in 1945
MLS/Listing ID S1608313
2 Stories
38 Units
Construction - Wood Siding
Gas Cooktop
Gas Water Heater
Refrigerator
Parking - Threeormore Spaces
Lot - Rectangular Lot
Heating - Forced Air
Heating - Gas
Hardwood