The property is approximately 8619 square feet on .16 acres of land and is comprised 12 apartments including three two-bedrooms, three one-bedrooms and six studios. The apartments feature spacious layouts, carpet and hardwood floors, ample storage and outdoor space. Tenants are responsible for all utilities except the studios which is included in the rent. Current ownership has upgraded the apartments which have been well received based on the property's strong rental history and minimal vacancy. Buyers have the ability to acquire a multifamily asset with double digit returns in a market that is comprised of 60%+ renters. The new owner will have the ability to capitalize on the upside potential through raising the current below market rents resulting in over a 12% cap rate and 20%+ return on investment!
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.
