Turnkey 40-unit multifamily complex featuring 8 one-bed, 24 two-bed, and 8 three-bed units—all fully occupied, with the majority of rents paid through government programs for exceptional stability.
Units include new appliances and finishes. The property offers a newly finished parking lot, digitized revenue-generating laundry, and a fully equipped leasing office with storage.
Operations are streamlined with a digital rent-collection system and transparent financial records, making this asset ideal for a passive investor. Rents update annually through government programs, providing built-in income growth.
The property generates ~$650K in annual revenue with an impressive ~$490K NOI, and offers both an assumable Fannie Mae loan and seller financing.