Property Overview: Discover an excellent investment opportunity with this well-maintained 12-unit multi-family building, perfectly suited for investors seeking stable income and potential for growth. Each unit is identical, featuring a comfortable one-bedroom, one-bathroom layout.
Tenant Profile:
• All 12 units are rented on a month-to-month basis, offering flexibility and ease of management.
• While there are no formal lease agreements, several tenants have shown long-term commitment, with many residing in their units for over 5 years.
• Current rents are below market value, presenting an opportunity to increase revenue.
Age and Deed Restrictions:
• The property is deed-restricted for tenants aged 62 and older.
• There is no HUD oversight or management, allowing for greater autonomy in property management.
Parking:
• The property includes 6 onsite parking spaces.
Condition and Maintenance:
• The building has no deferred maintenance issues.
Don’t miss out on this unique opportunity to acquire a solid, income-generating property with significant upside potential. Contact us today for more information or to schedule a viewing!