Fully Renovated 11-Unit Multi-Family Investment Property with value add | Strong Tenant Base
This renovated 11-unit multi-family building presents an outstanding investment opportunity. Renovations were completed between 2022 and 2023, ensuring low maintenance for years to come. Each of the 11 apartments is a 1-bedroom, 1-bathroom unit, offering comfortable, living spaces.
Property Highlights:
- Comprehensive renovations completed in 2022-2023
- 11 units, each featuring 1 bedroom and 1 bathroom
- 10 on-site parking spaces for tenants
- 8 out of 11 units are occupied by Section 8 tenants, providing steady rental income
- Separate Utilities. Owner responsible for water, sewer, hot water electricity, common area electricity, and trash removal
Value-Add Opportunity: you have the ability to bring the current rents to market rate increasing the gross rent from $13,800 to $16,000 monthly.
With 8 Section 8 tenants in place, this property offers consistent cash flow and long-term tenant stability. The building’s modern updates and tenant-paid utilities make it an attractive investment for those seeking minimal upkeep and maximum return.
Don’t miss this chance to acquire a turnkey, income-producing asset in a strong rental market.