2804 E 9th Avenue

• 46-Unit Multifamily Property
• Original building constructed in 1972 and renovated in 2014. Newer building constructed in 2015
• Spacious units with high-end finishes
• Tenant pays gas and electric. Landlord pays trash and water
• NOI (Proforma): $296,266
• Cap Rate: 7.80%
• Sale Price: $3,800,000

Property Description

Woodland Apartments offers 46 two and three-bedroom units. The original building was renovated in 2014 and the new building was constructed in 2015. The property has spacious units with high-end finishes, washer & dryer hook-ups, and all stainless-steel appliances. Woodland Apartments is located on the east side of Winfield along Hwy. 160 (9th Ave.)