Description
TONS of CapEx completed. Raise rents and enjoy cash flow. All new everything - windows, cabinets, laundry, flooring, vanities, tile, etc... Security fencing, security cameras and more in place. Plenty of off street parking. Next to major bus stops, key transportation hubs and a revitalized Linwood Blvd. Great unit mix of 2Br, 3Br, and more. Buy at less than $70,000 cost per unit. See comparable sales that have sold at much higher cost per unit. Low basis allows buyer to enjoy forced appreciation over time, refinance in the future, hold long term or complete a 5-year business plan. Proven ability to raise rents - many at or near market rate which shows new ownership what rents can be pushed to with little to no work (see rent study). Easily achieve a 9%+ cap rate - exceptional low lift opportunity to cash flow knowing what rents can be pushed to and beyond. Located in an Opportunity Zone. 26 units across 3 buildings all included in this listing. Three Properties: - 3000 E. Linwood - 12 Units Total - (6) 3BR/1BA & (6) Studios - 2100 E. 33rd Street - 6 Units Total - (6) 2BR/1BA - 2722 E. 30th Street - 8 Units Total - (4) 2BR/1BA & (4) 1BR/1BA
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0BEDS
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0.44ACRES
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0BATHS
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01/2 BATHS
Description
TONS of CapEx completed. Raise rents and enjoy cash flow. All new everything - windows, cabinets, laundry, flooring, vanities, tile, etc... Security fencing, security cameras and more in place. Plenty of off street parking. Next to major bus stops, key transportation hubs and a revitalized Linwood Blvd. Great unit mix of 2Br, 3Br, and more. Buy at less than $70,000 cost per unit. See comparable sales that have sold at much higher cost per unit. Low basis allows buyer to enjoy forced appreciation over time, refinance in the future, hold long term or complete a 5-year business plan. Proven ability to raise rents - many at or near market rate which shows new ownership what rents can be pushed to with little to no work (see rent study). Easily achieve a 9%+ cap rate - exceptional low lift opportunity to cash flow knowing what rents can be pushed to and beyond. Located in an Opportunity Zone. 26 units across 3 buildings all included in this listing. Three Properties: - 3000 E. Linwood - 12 Units Total - (6) 3BR/1BA & (6) Studios - 2100 E. 33rd Street - 6 Units Total - (6) 2BR/1BA - 2722 E. 30th Street - 8 Units Total - (4) 2BR/1BA & (4) 1BR/1BA
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