Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1965
Sq.Footage
36,540
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
36540.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Vinyl Siding
-
Parking
Off Street, Parking Pad
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style
Price
-
Sales Price
$6,299,000
-
Tax Amount
$24,839.3
-
Sq. Footage
36, 540
-
Price/SqFt
$172
HOA
-
Association
No
School District
-
Elementary School
High Ridge Elem.
-
Middle School
Wood Ridge Middle School
-
High School
Northwest High
Property Features
-
Ownership
Private
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Location
County
Jefferson
Elementary School
High Ridge Elem.
Middle School
Wood Ridge Middle School
High School
Northwest High
Listing Courtesy of James Anderson , Salient Realty Group, LLC
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