809-811 S. Fred Shuttlesworth consists of two buildings next to each other totaling 8 units. 809 is a triplex and 811 is a 5 unit building. These are being sold as a packaged deal. The property offers an attractive unit mix with two 3-beds, 2 two-beds, and 4 one-bed units. Owners have completed various upgrades over their ~5 years of ownership including new LVP flooring, kitchen updates, and fresh paint in all units. All units have individual furnaces and owner is just responsible for water, trash, and some common area electric. While rents are roughly 12% below market, the biggest NOI increase will come from controlling operational expenses.
Offering memorandum can be accessed through the link below.
https://issuu.com/gilreath/docs/809-811_s_fred_shuttlesworth_om?fr=sNTI5YzgzNTQ4MDc