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Description
6 unit apartment building built in 1994. 100% occupied with no rent delinquencies. All units offer a desirable townhome style floor plan with 2 bdrms x 1.5 baths, washers & dryers and an outdoor patio. Current cap rate is 5.2%. Value add opportunity with below-market rent providing a buyer an opportunity to increase income upon turnover. A new owner can also increase income by updating the original interiors and by capturing additional revenue sources such as utility bill-back and/or pet rent. Plenty of parking with 16 spaces. All tenants are month to month. Located minutes from I-5 and many nearby amenities.
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