Generating $193,560 in annual rental income and delivering a solid 6% cap rate, with potential for up to 8 ADUs, this well-maintained 8-unit apartment complex presents a fantastic opportunity for investors seeking steady income and long-term value. Each of the eight units offers 1 bedroom and 1 bathroom, along with its own designated parking space, ensuring convenience and privacy for tenants.All units are separately metered for gas and electricity, allowing for straightforward utility management, while the owner covers water and trash services. The property also features a newer roof, reducing future maintenance costs and offering added peace of mind. Ideally located in a desirable neighborhood near schools, parks, and other essential amenities, this complex is highly attractive to renters.The property was recently appraised at $2,250,000, making this an exceptional value in a strong rental market. Whether you're looking to expand your portfolio or make your first multifamily investment, this is a turnkey opportunity not to be missed.
Generating $193,560 in annual rental income and delivering a solid 6% cap rate, with potential for up to 8 ADUs, this well-maintained 8-unit apartment complex presents a fantastic opportunity for investors seeking steady income and long-term value. Each of the eight units offers 1 bedroom and 1 bathroom, along with its own designated parking space, ensuring convenience and privacy for tenants.All units are separately metered for gas and electricity, allowing for straightforward utility management, while the owner covers water and trash services. The property also features a newer roof, reducing future maintenance costs and offering added peace of mind. Ideally located in a desirable neighborhood near schools, parks, and other essential amenities, this complex is highly attractive to renters.The property was recently appraised at $2,250,000, making this an exceptional value in a strong rental market. Whether you're looking to expand your portfolio or make your first multifamily investment, this is a turnkey opportunity not to be missed.