Offering package sale of 10 Fourplexes townhomes (40 Units) , 2 stories Built year 1985 and Renovated 30 units in 2021,2022,2023 and 10 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 $1450.
All 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 43520 Sqft, Total Land 3.16 Acres, Configuration 2 Bed and 1 ½ Bath.
**Seller is willing to break the parcel into minimum 5 fourplexes**