5617 Prescott Rd
Property Description
The Signature One apartment complex comprises 60 units across 3 buildings. 53 units are (1) bedroom, (1) bathroom and 7 units are (2) bedroom, (1) bathroom. Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $259,604. Having undergone significant renovations in the last 5 years, the property is equipped with camera systems and a large off-street parking lot. Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10. This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,000,000 |
| No. of Units: | 60 |
| Lot Size: | 0.89 Acres |
| Opportunity Zone: | No |
| Price per unit: | $33,333 |
| Property Website | Click Here |
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