WILLING TO POTENTIALLY DO A CONTRACT FOR DEED // TRADITIONAL SALE // BRING YOUR AGENT IF DESIRED Multifamily Investment Opportunity – Former Church Conversion 3-Unit Multifamily Property | Value-Add Opportunity | Strong Cap Rate Potential (Current = 10.65%, ProForma = 20.11%) We are pleased to present a unique value-add investment opportunity: a three-unit multifamily property in a former church building. With historic character and upside potential, this asset offers investors immediate cash flow and long-term appreciation through light renovations and lease restructuring. Unit Mix: Unit A - 2 bed / 1 bath apartment Unit B - 2 Bed / 1 bath apartment Unit C - 2 Bed / 1 Bath apartment (Vacant - needs repairs) Tenant Utilities: Tenants pay gas and electric || Landlord Expenses: Water and trash Recent Capital Improvements: New Bathtub, Surround & Shower plumbing Unit A, New Bathtub Surround and Plumbing Unit C Known potential repairs: Unit A - Painting when tenants change Unit B - Painting & Laminate Floor separation fixes when tenants change Unit C - Painting all rooms, new flooring - or painting concrete floor. Drop ceiling repairs. New interior doors on a couple of rooms. Opportunities for increasing Value / Rents: Get Unit C tenant ready for renting!
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