Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Unknown |
| Lot Size: | 0.5 Acres |
Financials
Price:$1,900,000
Annual Taxes:$21,242.22
Listing Courtesy of LPT REALTY, LLC
Exceptional investment opportunity offering a strong 9.
Description
Exceptional investment opportunity offering a strong 9.5% cap rate! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking and is currently 100% occupied with long-term tenants, providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.
Amenities
- City Limits
- Level
- Other
- Oversized Lot
- Paved
- Sidewalk
- Sidewalks
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
