1401 SW E Ave
Property Description
Don't miss this excellent opportunity to own The Park Apartments, a 16 unit multifamily property offering immediate income potential. With 14 of the 16 units currently occupied, this property provides established cash flow with additional upside through the remaining vacancies. Many updates have already been completed throughout the property, making it an attractive investment for those looking to expand or begin a multifamily portfolio. Rent rolls are available for buyer review, and the occupied units currently generate monthly rents starting at $650 or more, offering a solid foundation for future income. As an added benefit, the seller is offering a $10,000 maintenance and upgrade allowance with an acceptable full-price offer, providing the opportunity to make additional improvements or enhancements. Whether you're a seasoned investor or looking to purchase your first multifamily property. The Park Apartments offers income-producing potential in one investment. For more information or to schedule a private showing, contact: Lauren Brown, REALTOR Century 21 First Choice Realty Buyer to verify all information, including rents, lease terms, square footage, occupancy, and financial information during the due diligence period.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $640,000 |
| No. of Units: | 16 |
| Year Built: | 1983 |
| Opportunity Zone: | No |
| Price per unit: | $40,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 256 |
ID: 3yd-LBROK-171560
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