Renovated 31-Unit Multifamily Complex with Potential for Income Growth

-This apartment complex features 31 units. 25 units are (1) bedroom, (1) bathroom and 6 units are (2) bedroom, (1) bathroom. Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $115,240. The property has undergone significant renovations in the last 5 years and is equipped with a large off-street parking lot. Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10. This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.