5401 E 27th Terrace
Property Description
Exceptional investment opportunity! This recently renovated all-brick 8-unit apartment building offers strong cash flow potential and long-term durability. The property consists of eight 1-bedroom, 1-bathroom units, each approximately 650 square feet, with updated interiors and well-maintained common areas. The building is currently operating as Section 8 housing, providing stable rental income and consistent tenant demand. In addition to the existing units, the basement includes two additional units that have already been framed and are ready for completion, creating a value-add opportunity for increased rental income. Solid brick construction, recent renovations, and expansion potential make this an attractive asset for both seasoned investors and those looking to grow their multifamily portfolio. Conveniently located with easy access to transportation. Don't miss this chance to acquire a turnkey multifamily property with upside potential through the addition of two more units.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $750,000 |
| No. of Units: | 10 |
| Year Built: | 1960 |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 2 |
ID: 3yd-HMLSKS-2625728
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