5119 DEER Ridge
Property Description
Value-Add 4-Unit Investment Opportunity with Strong Rental Upside! Well-located and partially updated 4-unit apartment building offering a great opportunity for investors seeking future growth. The property features a desirable unit mix of two 3 bed / 2 bath units with 1-car garages and two 2 bed / 1 bath units, appealing to a wide tenant base. Current projected gross annual income is approximately $51,600. 2 units currently vacant and recently renovated--positioning the next owner to place 2 tenants at market rents. Significant upside potential: Under-market rents on Units A & D with $100-$200/month increase potential Strong market support for projected rents of approximately $1,350 (3 bed units) and $950 (2 bed units) Proforma gross income of approximately $55,000 annually Recent improvements include Unit A fully remodeled in 2024, Unit D remodeled in 2024, and Unit B & C renovated in 2025, allowing for continued value enhancement. Additional peace of mind with a newer roof (installed approx. 6 months prior to 2021 purchase). With a solid unit mix, ongoing improvements, and clear path to increased cash flow, this property offers an ideal blend of stability, upside, and long-term investment potential.
Broker Details
Gordon Real Estate, LLC (573) 230-5496
MLS ID: 86_52 State License Number: 2009028263
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $509,900 |
| No. of Units: | 4 |
| Year Built: | 1998 |
| Lot Size: | 4,600.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $127,475 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 0 |
ID: 3yd-JCABRMO-10073842
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