Rose Real Real Estate offers for sale a 5-unit multifamily investment with the ability in the near future to increase cash flow by increasing below market rents and decreasing expenses.
•Property Type: 5-unit building + garage.
•Location: Strong, desirable area.
•Leases: No current leases, all tenants are on month-to-month terms. This gives flexibility for a new owner to adjust rents to market rates, especially since rents are currently below market.
•Rent Control: The township has no rent control.
•Utility Separation: There is potential to separate utilities, which will reduce operating expenses.
•This investment presents a compelling value-add opportunity in a prime location with strong demand for rental properties. With the ability to adjust rents to market rates in a town with no rent control, this asset is primed for significant cash flow growth and long-term appreciation.