Description

Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.