Description
This 6-unit apartment complex (a 2-unit building and a 4-unit building on the same lot) presents a great investment opportunity, meeting the 1% rule as is, with additional value-add potential through renovations. Five out of six units are occupied, generating a gross rent of $3,785. Fill the vacant unit as is to increase cash flow, or start renovations on the vacant unit right away to add value! With solid rental income potential and the possibility to increase returns with updates, this property offers steady cash flow and is well-suited for investors looking for stable growth in the rental market. Agent owned.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This 6-unit apartment complex (a 2-unit building and a 4-unit building on the same lot) presents a great investment opportunity, meeting the 1% rule as is, with additional value-add potential through renovations. Five out of six units are occupied, generating a gross rent of $3,785. Fill the vacant unit as is to increase cash flow, or start renovations on the vacant unit right away to add value! With solid rental income potential and the possibility to increase returns with updates, this property offers steady cash flow and is well-suited for investors looking for stable growth in the rental market. Agent owned.
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