Interra Realty is pleased to present for sale the property located at 423 E. 76th St. The subject investment property is an 8-unit, walk-up style, multifamily asset in the historic Grand Crossing neighborhood.
The property offers an attractive unit mix of one and two-bedroom apartments. The property features newer porches, recently completed tuckpointing and several units which have recently received cosmetic upgrades to kitchens, bathrooms and flooring.
The opportunity presents a buyer with the option to continue the renovation in order to achieve higher rental rates in line with other updated units at the property and within the submarket. A new investor has the opportunity to acquire a fully occupied, recently improved property with further upside remaining in the rent roll.