14440 Frankfort Street
Property Description
32-unit apartment building with strong value-add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with new plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $800,000 |
| No. of Units: | 32 |
| Year Built: | 1958 |
| Lot Size: | 32,934.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $25,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 44 |
| Number of Bathrooms: | 32 |
ID: 3yd-REALCOMPMI-20261040948
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