About this Property

Offering package sale of 8 Fourplexes townhomes (32 Units) , 2 stories Built year 1985 and Renovated 25 units in 2022,2023 and 5 units can be improved to fetch higher rent to increase value. This will be a good strategy value-add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500. Most of occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow. Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Rentable Sqft 34560 Sqft, Total Land 2.85 Acres, Configuration 2 Bed and 1 ½ Bath. **Seller is willing to sell the individual fourplexes with quick closing** DO NOT DISTURB TENANTS! *Showings is not allowed until the offer is executed and the proof of funds are submitted*