Average square foot calculated using Size range provided by listing agent.
Description
Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10, 800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.Show Description
MLS® Number70116432
Laundry Level
Central VacNo
FireplaceNo
Acreage0.287
Exterior
GarageYes
Approx. Age1940
Basement
DrivewayAuto Garage Door Opener, Carport, Garage, Less than One
Garage Spaces
HeatNatural Gas
A/CCeiling Fan(s), Electric
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing