TRUST SALE, MOTIVATED SELLER. This sale presents an exceptional opportunity for an investor to unlock value through strategic rent increases, while benefiting from a stabilized asset with consistent performance. Recent rent increases of $4,200/month +/- ($50,000 +/- annually) implemented through professional third party management, establishing a clear pathway to higher cash flow.
Current CAP Rate reflects a unique trust sale situation. The previous long-term owner prioritized 100% occupancy and tenant stability over rent growth, keeping rents significantly below market.
With 30 units, the property boasts an excellent unit mix that appeals to a broad tenant base:
7 Units: 950 Sq. Ft. 1 Bedroom - 1 Bathroom
1 Unit: 1,100 Sq. Ft. 2 Bedrooms - 1 Bathroom
4 Units: 1,300 Sq. Ft. 2 Bedrooms - 2 Bathrooms
12 Units: 1,400 Sq. Ft. 3 Bedrooms - 2 Bathrooms
2 Units: 1,500 Sq. Ft. 3 Bedrooms - 2.5 Bathrooms
4 Units: 1,700 Sq. Ft. 4 Bedrooms - 2 Bathrooms