Value add opportunity. This 6 unit apartment building offers a current 6.16% cap rate. A new owner can increase rents to market rate and reposition the building by upgrading the interior finishes. All units are large 2 bd x 1 ba with full-size washer and dryers. Vinyl siding. Recent exterior upgrades include new paint, resurfaced & re-striped parking lot and new awnings. Roof 3.5 yrs old. Large lot provides plenty of parking. Clean & easy to maintain. Walk to nearby amenities. Minutes to I-5.
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