Three Multifamily Buildings on Three Separate Parcels offered together as one investment opportunity
Rare MF-33 Zoning providing valuable multifamily flexibility
4,286 SF of existing improvements situated on 0.345 acres
Two Buildings Recently Rehabilitated, reducing near-term renovation requirements
Third Building Approximately 70% Complete, offering a clear path to additional value creation
4 Units Currently Leased + 1 Unit Ready for Occupancy, providing existing income with immediate lease-up potential
$64,200 Pro Forma Gross Annual Income
$41,590 Projected NOI based on approximately $22,610 in estimated operating expenses
5.78% Pro Forma Cap Rate at Asking Price with additional upside through lease-up and operational improvements
Approximately 1200 SF of Unfinished Space with potential to be converted into additional income-producing space
Utilities Currently Paid by Ownership, creating potential value-add through separate metering or a utility reimbursement structure
Multiple paths to improve NOI through project completion, lease-up, additional rentable space, and expense management