610 22nd Street N
Property Description
12 brick townhouses being sold together. This is a value-add opportunity for an investor with a plan and a repair budget. 7 units are currently rented, with rents well below market. The other 5 are vacant, so you can renovate and lease them at today's rates. Brick construction throughout, and the roof is newer, installed by Wheeler Roofing. The units need repairs and updating. That's where the upside is. Fix up the vacant units, bring rents up as leases roll, and you've got both cash flow and equity growth. With 7 units already occupied, you'll have income coming in while you work on the rest. Rent roll and lease information are available with an accepted showing request.
Broker Details
TRUE REAL ESTATE, LLC (662) 206-6577
MLS ID: SLI State License Number: 23901
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $397,000 |
| No. of Units: | 12 |
| Lot Size: | 5,072.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $33,083 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GTARMS-26-2373
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