*FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Current rents are low, roughly 45% upside. Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a gras
Courtesy of Top Gun CRE, Max E Delbecq.
Last Updated: Source: Sandicor Regional MLS
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