This beautifully renovated 9-unit Victorian combines historic charm with modern high-end finishes, offering a rare 8.60% CAP Rate with actual expenses and 7.7 GRM. There is a large parking lot on-site to allow a Buyer to use for potential ADUs.
The building has had over $530,000 of capital improvements completed, with major upgrades including new re-piped plumbing and new electrical systems to ensure low maintenance costs.
This is an opportunity to acquire a stabilized multifamily investment with strong returns. The property delivers immediate cash flow and long-term value in today’s competitive market. On-site parking for (6) six spots, further enhances tenant demand and sets the building apart from comparable assets. With its blend of character, modern upgrades, and strong financial performance, this property is an ideal turnkey investment opportunity.