Excellent value add investment opportunity as the current ownership has purposely kept rents low to limit turnover of this property, therefore there is immediate upside in rents for the next owner to take advantage of. More income upside exist as two leases have utility reimbursement language, however the current ownership is not collecting said charges, so start collecting from these two units and implement RUBS on the remaining four units to help offset the utility expenses. One of the two-bedroom units has been significantly renovated to include new cabinetry, hardware, quartz countertops, stainless steel appliances, vinyl plank flooring and more.
|--||New Value: $1,150,000|
|11/18/2019 5:45:00 PM|