Insane Opportunity!
54-unit apartment complex with elevator access. 8 x 2bed/1bath and 46 x 1bed/1bath units. Only $25k per unit!! ALL RENTABLE!!! 5 stories tall with lobby on ground floor. Solid concrete building in the heart of downtown. Replacement cost is over $4,500,000+! Locals have easy access to job opportunities, dining options, and historic museums. Mechanicals in good shape, no deferred maintenance necessary. Property recently had an extensive amount of repairs done including plumbing and water heater replacement. Property will generate $349,800 a year. Professional property management available.
Do not miss out on this amazing opportunity. Building will generate a 16%+ cap rate. Ask us about creative financing!!