1380 MILPA VERDE
Property Description
Exceptional value-add investment opportunity featuring a 17-unit multifamily property situated on approximately 2.5 acres, offering both immediate income potential and long-term upside. Several occupied units are currently rented below market rent, providing investors with the opportunity to increase cash flow through strategic rent adjustments as leases turn over. The property also includes 6 vacant units, creating an excellent opportunity for renovations to further enhance returns. With its expansive 2.5-acre site, there may be additional potential for future expansion or redevelopment, subject to buyer due diligence and any applicable local regulations. Whether you're looking to grow your portfolio, reposition an underperforming asset, or capitalize on the property's excess land, this is a rare chance to acquire a multifamily investment with multiple avenues for value creation. Don't miss the opportunity to unlock the full potential of this unique income-producing property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $599,000 |
| No. of Units: | 17 |
| Year Built: | 1970 |
| Lot Size: | 9,750.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $35,235 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-HBRTX-29777200
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