2927 State Farm Rd
Property Description
Excellent investment opportunity! This well-maintained 6-unit apartment building offers immediate income potential with a desirable unit mix consisting of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property currently benefits from strong rental demand and provides tenants with ample parking, including a spacious 780 sq. ft. covered carport that can accommodate approximately 5-6 vehicles, along with additional off-street parking.Additional features include a sprinkler system for easy landscape maintenance and all appliances included in the sale, making this a truly turnkey investment. Whether you're looking to expand your portfolio or acquire your first multifamily property, this income-producing asset offers stable rental opportunities and long-term investment potential.Don't miss your chance to own a multifamily property with strong occupancy appeal, convenient amenities, and excellent income-producing capabilities.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $850,000 |
| No. of Units: | 6 |
| Year Built: | 1971 |
| Lot Size: | 4,448.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $141,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 6 |
ID: 3yd-IRESCO-1063318
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1325 Wellesley Drive SE
Albuquerque, New MexicoBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout