This is a 24 Unit Apartment Property. There are 23 Efficiency Apartments and one 2 Bedroom-2 Bath Apartment. The latter would be ideal for an onsite Property Manager. The Rehab of the 23 Units has begun but most are not completed. The ones that are completed have wood tile flooring, kitchen area, new stove, new microwave, etc. The ones that are not completed have the majority of the needed appliances and supplies on site to complete the project. This property was operated as a Motel in years past. This has an opportunity to have an excellent cash flow and cap rate.
Features
25 bedrooms
25 bathrooms
10572 sq. ft. floor area
crop_free48335 sq. ft. lot size
cottageOther
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