Property Highlights

Over 90% occupancy rate
Recent property updates completed
Spacious one-bedroom units available
Plenty of on-site parking spaces
Tenants pay own electric bills
Low-maintenance multifamily investment

Overview

Incredible opportunity to acquire this 18-unit multifamily property boasting over 90% occupancy and numerous recent updates! Priced at an attractive cap rate of over 8% based on current financials, this asset offers immediate strong returns with the potential to exceed an 11% cap rate through a simple value-add strategy-just bump rents upon lease renewals. The building features 12 spacious one-bedroom units and six two-bedroom units, all with open floor plans and plenty of on-site parking for residents! Tenants cover their own electric via baseboard heating, while ownership is only responsible for water, sewer, and common area electric. This is a low-maintenance, easy-to-stabilize investment with solid cash-on-cash returns and a great price per door-perfect for investors seeking upside with minimal effort.

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