Signature Two Apartments: Value-Add 20-Unit Multifamily Opportunity

-The Signature Two apartment complex comprises 20 (1) bedroom, (1) bathroom units. 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 $72,280. Having undergone significant renovations in the last 5 years, the property is equipped with camera systems and a large off-street parking lot. The building also has a fenced and paved courtyard. 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.