This 13-unit apartment complex offers immense potential for investors looking for a value-add opportunity. Comprised of two buildings with a mix of 1 and 2-bedroom units, the property boasts a new roof, new hot water heaters, consistent rental income, and some recent upgrades. With long-term tenants in place and ample off-street parking, this well-maintained complex is positioned for reliable returns. Rents are currently below market, providing an excellent opportunity for growth. Located just a short distance from parks, the Exchange Street Bridge, and downtown amenities, and offering quick access to major highways, this property is perfect for both seasoned investors and those just starting out. Located in an industrial area with many factories nearby. Don’t miss out on this opportunity to capitalize on immediate income and long-term value growth.
Some units feature a private covered porch and a small deck, offering the perfect space for outdoor relaxation and enjoying the surrounding environment. These private outdoor areas provide added comfort and convenience for tenants. The property also includes a billboard, providing an additional source of income. This unique feature offers an opportunity for passive revenue while benefiting from high visibility.
Don’t miss this opportunity to invest in a property with immediate income potential and long-term growth prospects.
