1861 Corning Avenue Apartments

Property Description

$649,500 or $46,400 per unit8.5% Cap Rate on In-Place NOI 14 Two Bedroom Apartments100% Occupied Below Market Rents (avg. $518/mo) with Proven Mark-to-Market Upside at current finish levels (2 leases at $695)Newly installed second story balconies/stairs in 2023 (ironwork and concrete all new)This property is offered as part of a 9-Asset Apartment Portfolio. Additional details are listed in the OM for the entire 9-Asset Portfolio.