price dropped ! Prime investment opportunity. Great location. Appraised at 2.3million in January of 2024 well over asking price. Owners have completely remodeled complex in 2024 and stabilized occupancy as of may 1, 2025 to 92% occupancy... The NOI is based on 2025 proforma
$950 to $1050 avg rent per unit with potential go $200 higher per unit. Units have vinyl /laminate flooring, new refrigerator, appliances , new two ton ac units with central air and heating. parking lot was repaved in 2024. property has metal roof less then 3 yrs old
Community has onsite & off-street parking, new laundry site has 4 washers 2 dryers owned outright as extra income . washer/dryer hookups on all one story units for added convenience. Apt 16 is used as a storage but can be rented for extra income $950
Utilities like sewage, garbage, and water are included