Description
This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. Twelve of the 14 units have signed new 12-month leases, and the building is expected to reach full occupancy soon. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.
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14BEDS
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0.23ACRES
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14BATHS
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01/2 BATHS
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5,544SQFT
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$325$/SQFT
School Information
Description
This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. Twelve of the 14 units have signed new 12-month leases, and the building is expected to reach full occupancy soon. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.