?? Investment Overview
Property Type: Multifamily / Shared Housing (ALF potential)
Building Size: 2,400 sq ft
Lot Size: 0.1906 acres / 8,304 sq ft
Year Built / Renovation: Built 1957, fully remodeled in 2019
Capital Upgrades: New roof installed in 2024 and all electrical panels updated
Property Use Code: 08 / Multifamily 2–9 Units
Land Use: Multifamily 2–9 Units
Zoning: R-1C
?? Key Highlights
Current Use: Property is actively being used as shared housing/ALF, offering investors immediate insight into operational potential.
Turnkey Income: Studios rent for approx. $650/month with utilities included, generating consistent cash flow.
Utilities Included: Water, electricity, sewer, trash removal, and cable—appealing for tenants, simple for operators.
Recent Improvements: Full remodel (2019), new roof (2024), and updated electrical panels ensure reduced CapEx.
Development/Subdivision: Located in Carver Ranches subdivision (development name: Carver Ranches).