2801 Merill St
- 30-unit multi-family investment
- Sale Price: $4,900,000
- 100% occupied
- Cap Rate: 4.9%
- Unit mix:
- (20) 3BR/2BA – 1,188 SF
- (10) 4BR/2BA – 1,408 SF
- Built in 1990
- 4.19-acre site with excess land for development
- Private attached garages for each unit
- In-unit washer/dryer, full kitchens, patios/balconies
- Strong renter demographics with proximity to universities
Property Description
Multi-family investment opportunity at 2801 Merrill Street, featuring a 30-unit portfolio on approximately 4.19 acres. Offered at $4,900,000 with 100% occupancy and a 4.9% cap rate, the property includes a mix of 20 three-bedroom units (1,188 SF) and 10 four-bedroom units (1,408 SF). Built in 1990, each unit includes a private attached garage, full kitchen, in-unit washer/dryer, and outdoor patio or balcony. The site also includes excess land for future development, providing additional upside potential for investors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,900,000 |
| No. of Units: | 30 |
| Lot Size: | 4.19 Acres |
| Opportunity Zone: | No |
| Price per unit: | $163,333 |
| Property Website | Click Here |
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