Description
Exceptional investment opportunity featuring a well-maintained 21-unit apartment complex with 20 units occupied, providing immediate and stable cash flow from day one. The property is designed for efficiency and low management, with each unit separately metered for both electricity and water, allowing tenants to pay their own utilities and significantly reducing owner expenses. Many of the tenants are long-term residents, contributing to a stable and reliable rental history with minimal turnover. Key capital improvements have already been taken care of, including a roof replacement completed in 2020, adding long-term value and reducing future maintenance concerns. Tenants are responsible for supplying their own kitchen appliances, further lowering owner costs and ongoing maintenance obligations. This is an attractive, low-maintenance asset with strong net operating income potential, ideal for investors seeking a stabilized multifamily property with strong occupancy and immediate income
-
0BEDS
-
0.86ACRES
-
0BATHS
-
01/2 BATHS
-
13,516SQFT
-
$91$/SQFT
School Information
Description
Exceptional investment opportunity featuring a well-maintained 21-unit apartment complex with 20 units occupied, providing immediate and stable cash flow from day one. The property is designed for efficiency and low management, with each unit separately metered for both electricity and water, allowing tenants to pay their own utilities and significantly reducing owner expenses. Many of the tenants are long-term residents, contributing to a stable and reliable rental history with minimal turnover. Key capital improvements have already been taken care of, including a roof replacement completed in 2020, adding long-term value and reducing future maintenance concerns. Tenants are responsible for supplying their own kitchen appliances, further lowering owner costs and ongoing maintenance obligations. This is an attractive, low-maintenance asset with strong net operating income potential, ideal for investors seeking a stabilized multifamily property with strong occupancy and immediate income
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or TNT Real Estate. Data last updated: 2026-05-17T00:16:48.473.