22-unit studio apartment building with strong cash flow and value-add potential. T-12 through May 2026 reflects approximately $189,000 NOI. Property features numerous upgrades, including plank flooring, LED lighting, composite decking, and four sets of coin-operated laundry equipment generating additional income. Opportunity exists to further increase revenue through operational improvements, potential heat pump installation, and possible expansion of basement space (subject to buyer verification, permits, and approvals).Property appraised at approximately $2.5M in 2023 prior to subsequent improvements and rent growth initiatives. Located in a desirable rental market with limited multifamily inventory. Seller financing, hard money, sale-leaseback, and other creative structures may be considered.
6,696 Sq Ft
0.68 Private hektar Partistørrelse
investering
1 380 USD Månedlig skatt
Bygget i 1965
MLS/Oppførings-ID 73534182
2 Historier
22 Enheter
Parking - Paved
Shingle
Public Sewer
Public Water
Community - Public Transportation
Community - Park
Construction - Brick
Betongperimeter
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