Fantastic value add opportunity on this 100% occupied 12 unit apartment complex(4 triplexes). These brick triplexes have metal roofs and 3 or 4 have been recently renovated with new paint, flooring, some new HVAC units, cabinets, counters, and appliances!! All of the plumbing from the units to the public sewer is all brand new along with some other updates in landscaping and parking! Brand new signs that will go with the property as well! The owners have been working hard to get rents up to market at $695/unit! Currently the complex brings in $6235/month or $74,820/year in rents. If all units were at market rents then it could be bringing in $8340/month in rent!!! So much opportunity with these!! Tenants pay their own utilities! Great asphalt parking lot with plenty of spaces! Termite bonded! Professional management in place that would like to stay! Listing agent is one of the owners.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
