This fully occupied 6-unit apartment complex presents a compelling investment opportunity with a strong 13.4% cap rate and proven tenant stability. Each unit features a spacious 3-bedroom, 2-bath layout, and all have undergone recent renovations within the past year, ensuring modern finishes and reduced capital expenditure for the buyer. The property sits on a generous 5-acre tract, offering significant upside through commercial value-add potential—ideal for investors seeking both immediate cash flow and long-term development options.
The asset benefits from a stable tenant base, with long-term residents contributing to consistent income and minimal turnover. Its location, while not specified in the flyer, is likely supported by regional demand for multifamily housing, and the acreage provides flexibility for future expansion or mixed-use development. With all units updated and fully leased, this property is positioned as a turnkey investment with room to grow.