Year Build: 1969
Building Size: 10,837 SqFt.
No of Stories: 3
Total Lot Area: 0.00 Acre
No of Parking: 0
No of Total Units: 18
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Capital Commercial Real Estate Group, Inc. is pleased to present this totally remodeled 18 unit Apartment building for $1,560,000. This asset was built in 1969 and is 10,837 square feet situated on 13,656 square foot lot. Each unit individually electrically metered, with central air-conditioning and tiled floors. This opportunity offers investors to purchase a cash-flowing asset with over 8% cap rate. This property is fully occupied with no section 8s and the tenants have undergone an extensive background check. Property is on a corner lot and consists of 16 - 1 bedroom/1 bath and 2 - 2bedrooms/1 bath. The whole building has been recently remodeled: New roof, new sewer system, new impact doors and windows, new electrical meters and panels, new kitchens, new interior and exterior doors and much more.
Located within walking distance to public schools, university, shopping and transportation.