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This 8-unit apartment complex presents a solid value-add investment opportunity. The property includes a mix of occupied, rent-ready, and renovation-needed units, giving investors multiple paths to increase value and cash flow. Currently, 3 units are rented and generating income. Two additional units are vacant but in good condition and could be rented quickly with minimal effort. The remaining 3 units require renovation, offering potential for increased rental income and long-term equity growth. One of the buildings received a new roof in 2021, reducing future capital expenses. With the right improvements, this property has strong potential to become a consistent income-producing asset in a desirable rental market. Contact me today for your private showing.
Features
Age: Over 50 Years Old
Architecture Style: Other
Building Units: 8
Heating System: Electric (Heating)
Legal Description: LOT 34 PT 126 MAIN ST & CADIZ ST VOL 179/2143