38 unit complex in 2 buildings. All 2 bedroom 1.5 bath. All have individual in-unit furnaces, central AC and hot water heaters. Tenants pay gas and electric. Several vacancies in the process of being made rent ready. Photos show 1 unit rent ready and the display unit that is staged. Currently 1 additional unit is being used for the leasing office. Church has owned the property since 1991 and has kept the rents at $525 for many years. Long term tenants and a waiting list for units. Plenty of parking, storage units and common laundry in basement. New roofs 2013, new siding 2012/13, newer sliding glass doors to balconies, walk in closets. This complex offers a unique opportunity for a new owner to improve the income through value added improvements and hands on management.
Listing courtesy of RE/MAX Results.
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