Description
Cash-flowing 5-unit multifamily with strong rental history. There is additional value-add opportunity with the potential to convert the first floor into two units, increasing overall rental income. Projected cap rate exceeds 9% once current vacancy is filled. The property consists of four 2-bedroom units and one 3-bedroom unit. Three units have been fully renovated with updated electrical, plumbing, and efficient forced air systems—minimizing near-term capital expenditures. Separate utilities with tenants paying their own expenses. Basement storage provides additional income potential. Maintenance-free vinyl siding for ease of ownership. Ideal for investors seeking immediate cash flow with upside through lease-up and future income growth. Owner financing available; terms to be negotiated.
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11BEDS
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0.09ACRES
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5BATHS
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01/2 BATHS
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3,589SQFT
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$258$/SQFT
School Ratings & Info
Description
Cash-flowing 5-unit multifamily with strong rental history. There is additional value-add opportunity with the potential to convert the first floor into two units, increasing overall rental income. Projected cap rate exceeds 9% once current vacancy is filled. The property consists of four 2-bedroom units and one 3-bedroom unit. Three units have been fully renovated with updated electrical, plumbing, and efficient forced air systems—minimizing near-term capital expenditures. Separate utilities with tenants paying their own expenses. Basement storage provides additional income potential. Maintenance-free vinyl siding for ease of ownership. Ideal for investors seeking immediate cash flow with upside through lease-up and future income growth. Owner financing available; terms to be negotiated.
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