This brand new recently renovated turnkey property has a total of 14 units laid out into a two story building. Constructed in 1961 and renovated in 2022 this property has amazing key features which has increased its value immensely. This property has a security gate and alarm system that was built in for resident safety. The property consists of (13) two bedroom- two bathroom units and (1) three bedroom-two bathroom unit. Each unit is individually metered for utilities. There is onsite laundry making it convenient for all tenants. Recent upgrades include new roof, siding, paint, and double pane windows. The interiors were upgraded with new floors, appliances, fixtures, and hardware. All kitchens are updated with wood cabinets and granite countertops. Bathrooms were upgraded with copper plumbing. Lastly, all AC and water heaters were replaced with 10+ year lifespans.
Priced at 2,800,000 with a 5.72 Cap Rate.
Highlights:
- Individually metered utilities
- Turnkey property, recently renovated
- Security gate and alarm system for resident safety
- Gated community with covered parking, including two garages
- Onsite storage available for tenant fees
- Onsite laundry with WASH contract
Recent Upgrades:
- New roof, siding, paint, and double-pane windows
- Updated interiors with new floors, appliances, fixtures, and hardware
- Wood cabinets and granite countertops in kitchens
- Bathrooms with copper plumbing
- AC & water heaters replaced or with 10+ year life