Knox Place Apartments is located within central Manchester in close proximity to the center of town and has an ease of
access to Interstate 84.
The two side by side four unit buildings contain 8 two bedroom apartments. Four of these apartments have
been gut renovated as units turned with new kitchens, high quaility unit finishes and new bathroom fixtures.
These apartments stay in high demand maintaining a 100% occupancy level.
Apartments are rented with resident paid individual gas heat and hot water
The property is priced for a 7.5% Cap Rate from the start with additional upside growth as the four long time residents turn over and their apartments are available for updates and significanly higher rents to match the four fully renovated units
Seller is agent related entity