Description
Ideal for investors seeking stable cash flow with strong upside potential - 6-Unit Apartment Complex For those looking to expand their portfolio, this property offers both stability and growth potential: Property Breakdown (5) Units - 3 Bedrooms / 2 Bathrooms (1) Unit - 2 Bedrooms / 1 Bathroom with Private Garage Spacious floor plans Current Rents: Existing rents are intentionally below market due to owner preference. All units will convert to month-to-month at transfer, providing immediate flexibility for the new owner to reposition rents. Current Gross Income (2 Vacant Units): Approximately $79,200/year, offering clear upside. Market Rent Potential: Comparable properties in the area support $1,150-$1,450 per month per unit, translating to a pro forma gross income of $82,800-$104,400 annually. Value-Add Opportunity: With light cosmetic updates and rent adjustments to market levels, investors can expect an additional $3,600-$25,200 in annual income, significantly improving cash flow and overall return. Message me for rent roll, financials, or to schedule a walk-through.
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0BEDS
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0.7ACRES
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0BATHS
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01/2 BATHS
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1,208SQFT
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$625$/SQFT
School Ratings & Info
Description
Ideal for investors seeking stable cash flow with strong upside potential - 6-Unit Apartment Complex For those looking to expand their portfolio, this property offers both stability and growth potential: Property Breakdown (5) Units - 3 Bedrooms / 2 Bathrooms (1) Unit - 2 Bedrooms / 1 Bathroom with Private Garage Spacious floor plans Current Rents: Existing rents are intentionally below market due to owner preference. All units will convert to month-to-month at transfer, providing immediate flexibility for the new owner to reposition rents. Current Gross Income (2 Vacant Units): Approximately $79,200/year, offering clear upside. Market Rent Potential: Comparable properties in the area support $1,150-$1,450 per month per unit, translating to a pro forma gross income of $82,800-$104,400 annually. Value-Add Opportunity: With light cosmetic updates and rent adjustments to market levels, investors can expect an additional $3,600-$25,200 in annual income, significantly improving cash flow and overall return. Message me for rent roll, financials, or to schedule a walk-through.
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