Carrol Street Portfolio: 19 Properties: 40 Apartments, 3 Single Family Homes, 113 Beds.
Highlights:
• 10.5% Cap
• Owner financing possible with qualified buyer, 25% down
• List price $3,950,000 (must be sold as a portfolio)
• Turn-Key Investment Opportunity with low vacancy rate
• Management & maintenance personnel in place & available to new owner
• Located Largely in City Core
• High side of market rent
• Some redevelopment opportunity
• Family owned and maintained for 20 years
• Most Units have a Washer and Dryer
• Updated or modernized Kitchens with Appliances and Baths
• All units well insulated
• New insulated windows & high-efficiency furnaces, newer boilers
• Nearly all units are separately metered
• Most buildings have newer roofs
• Mix of college, workforce and section 8 housing
• Includes four parking lots in city core near properties