Tremendous value add opportunity! 2025 mid year P&L has been uploaded; this shows a 24% increase in NOI with only a slight increase in rents, so the buyer has room to grow NOI even further!
Stabilized multifamily property with potential for rent increases. Many renovations done over last few years; turn key property! Three bedroom units have washer/dryer hookup; central laundry area for the two bedroom units. 28 (2bed/1 bath) units and 12 (3 bed/1.5 bath) units. Up to eight additional units possible (buyer to check with the county and do all due diligence). Units have stayed steadily rented with a waiting list. Rare opportunity to purchase a cash flow investment with great upside!
Note: Please DO NOT go by the property or speak to ANYONE on site without an agent present - must speak to listing agent before going; going to the property without an agent present and speaking to the listing agent first is prohibited.