Kiser Group is pleased to exclusively offer for purchase 8156 S. Laflin, an eighteen (18) unit walk up located in the heart of Auburn Gresham. The building is ideally situated within blocks of Ashland & 79th Street, the center of Auburn Gresham with restaurants, shopping, banking, and public transportation nearby.
8156 S. Laflin is comprised solely of spacious 1Bd/1Ba units with hardwood flooring throughout. Additionally, all of the units contain both a living room and dining room. Recent improvements to the building consist of, but not limited to: new porches, new windows, new (2025) Weil-McLain boiler, new (2023) hot water heater and storage tanks, spot copper plumbing, as well as spot tuckpointing where needed.
8156 S. Laflin provides an investor the opportunity to acquire an in-place cap rate of 8% with a large value add opportunity for any potential investor. Through improved leasing and management, there is an additional opportunity to increase rents and achieve a 13.67% cap rate along with a 31.92% cash-on-cash return.