Offering package sale of 9 Fourplexes townhomes (36 Units) , 2 stories Built year 1985 and Renovated 30 units in 2022,2023 and 6 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500.
Most of occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow.
Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Rentable Sqft 38880 Sqft, Total Land 2.85 Acres, Configuration 2 Bed and 1 ½ Bath.
**Seller is willing to sell the individual fourplexes with quick closing**
DO NOT DISTURB TENANTS! *Showings is not allowed until the offer is executed and the proof of funds are submitted*