Property Description

Renovated value-add opportunity with upside in lease-up. The property includes an on-site, income-producing laundromat with 8 machines generating an average of several hundred dollars per month. Utilities are individually metered, so tenants pay their own. The downstairs units were fully gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have been improved, including central HVAC systems installed within approximately the last 5 years, newer water heaters, and updated electrical panels, meter pans, and wiring in most units. Current ownership has maintained conservative tenant-qualification standards and has not been proactive with leasing, creating a clear opportunity for a new owner to improve occupancy and increase cash flow.

Property Features

Local Schools