MLS Number 72082704
- Multi-Family 5+ Family - 5+ Units Side by Side
- Year Built 2005
- Bedrooms 39
Attention Investors: Turnkey, 100% leased condo-quality 13 unit apartment complex built in 2005! Property features 65 rooms, 39 bedrooms, 28 bathrooms, 3 garages and 11 parking spots total. Many rents below market so lot's of upside for next owner. Property consists of 2 adjacent buildings, (5 units & 8 units) All units are 3 bedrooms,1.5 to 2.5 baths, approximately 1500 Sq. ft. with granite countertops, stainless appliances, washer dryer hookup, central A/C. Nothing needed! Individually metered gas heat and electric for each unit. Live-in super with 6 month lease will stay on if desired. Buildings built 2005 so they are lead-paint free! Exteriors brick & vinyl siding with flat rubber roofs. New owner has nice flexibility as a buy & hold or potential condo flip. Current annual income $301,000! Approx. NOI $204,000! Current cap rate @ 7.3% with 9% potential. Fully rented and renovated with a live-in manager so just sit back and collect the rents!
Listed by Laurence Tamkin of Tamkin Real Estate
Listing Sold by The Galvin Group