TOTAL renovation completed in January 2025. 17-unit complex with a proforma NOI of 118k, and selling at a CAP rate of 9.85%. This property has all new plumbing from the street and inside of the units. It has all new electrical, and each unit has an energy efficient ~22 SEER mini split system. All units have new waterproof laminate, bathrooms, kitchens and full bathrooms!
This property is perfect for individuals, workers, or small families. There is even a single-family home on the property in great condition with a carport. We have started to lease up the property but we are willing to stop or continue based on buyer's preference. This is an all bills paid property with internet costing a total of $60 a month wired to each unit. New Stoves and refrigerators are included in the sale.
Property also has a washer and dryer room that is available to be hooked up to add more income.