About this Property

Offering package sale of 11 Fourplexes townhomes (44 Units) , 2 stories Built year 1985 and Renovated 28 units in 2021,2022,2023 and 16 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 $1250, whereas the average market rent is $1350. All 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 48142 Sqft, Total Land 3.21 Acres, Configuration 2 Bed and 1 ½ Bath. **Seller is willing to break the parcel into minimum 5 fourplexes**