FULLY RENOVATED 34 UNIT COMPLEX awaiting its new owner! All units have been completely overhauled over the past 2 years, with the final unit being completed at the end of October! The property has 4 one beds (560sqft), 16 two beds (740sqft), and 14 three bed/2 bath units (1,040sqft)! Rents range from $600-$650 for the one-beds, $675-$800 for the two-beds, and $700-$850 for the 3 beds. Rents have increased incrementally every 6 months and not all are at the current market rents - easy value add as leases expire & renew at market rents. Same with back billing for water - just started in 2020 & only 16 units pay water each month. Over $600,000 has gone into renovated the property and all the units - 4 units were completely rebuilt from the studs up, all the rest have new flooring, paint, counters, refinished/new cabinets, baseboards, vanities, light fixtures and more. Most units have new HVAC systems, Appliances & water heaters. Just completed - PROFORMA Sale - discounted accordingly.
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