Exceptional investment opportunity featuring a 74-unit multifamily property comprised of 52 one-bedroom units and 22 two-bedroom units. This well maintained-asset offers significant value-add potential with 50 of 74 units already renovated. The updates include new vinyl plank flooring, updated trim, modern vanities, fresh interior paint, and upgraded light fixtures. The property benefits from onsite laundry facilities providing additional income and RUBS, helping offset operating expenses and enhance cash flow. With strong rental demand, low maintenance requirements, and below-market rents, this asset presents a compelling opportunity for investors seeking immediate income with substantial upside through continued renovations and rental increases. This is ideal for investors looking to capture cash flow and appreciation.
Listing Courtesy of Salient Realty Group, LLC - [email protected]