Description
Modern multifamily investment consisting of 3 duplexes (6 total units), each offering 2 bedrooms, 2 bathrooms, ~900 sq ft, private washer/dryer room, and exterior storage. Built just 1 year ago, this property offers low maintenance and minimal capital expenditures. Fully occupied with strong in-place income of $82,800 annually. Owner pays only water and trash (~$2,880/year); all other utilities are tenant-paid. Current NOI approx. $79,920, delivering a 9.2% cap rate. Lease expirations begin in July, providing upside potential--pro forma cap rate near 10% with rent increases. Turnkey, cash-flowing asset with immediate income and growth potential.
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0BEDS
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0.46ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Modern multifamily investment consisting of 3 duplexes (6 total units), each offering 2 bedrooms, 2 bathrooms, ~900 sq ft, private washer/dryer room, and exterior storage. Built just 1 year ago, this property offers low maintenance and minimal capital expenditures. Fully occupied with strong in-place income of $82,800 annually. Owner pays only water and trash (~$2,880/year); all other utilities are tenant-paid. Current NOI approx. $79,920, delivering a 9.2% cap rate. Lease expirations begin in July, providing upside potential--pro forma cap rate near 10% with rent increases. Turnkey, cash-flowing asset with immediate income and growth potential.
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