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PLEASE NOTE: CASH BUYERS ONLY! MUST BE ABLE TO CLOSE QUICKLY AND PROOF OF FUNDS IS REQUIRED.
This 20-unit multifamily complex, spread across seven buildings, offers a prime value-add investment opportunity. The property is currently vacant and requires approximately $200,000 in repairs. It comprises six one-bedroom units, four two-bedroom units, and 10 three-bedroom units. Previously a government-subsidized property, all former tenants received rent-assisted vouchers upon vacating, with fair market rent values of $865/month for one-bedrooms, $881/month for two-bedrooms, and $984/month for three-bedrooms.
Originally purchased with the intent to rehab and hold, we have since acquired other properties and are now selling this complex as-is. The property will be delivered free and clear.