Great opportunity to pick up this 12 plex with huge upside potential. There are two buildings. The first building is a 4plex with large, 1000 sqft units with 2 bedrooms upstairs and kitchen living room downstairs. This building has some deferred maintenance but with a small turn would be able to substantially increase rents. The second building is an 8plex that has been completely renovated. These are 1 bedroom units. Current owner just put in 180k into new windows, doors, countertops, AC, roof, paint, carpet, railing, deck, siding, etc. Those rent up easy and rent increases should not be a problem. See attached proforma. Seller willing to entertain creative financing options. Bring all offers. Square footage figures are provided as a courtesy estimate only.
Listing courtesy of Equity Real Estate - Advantage.