Description
Value-Add 7-Unit multi-property investment. Three buildings with 7-Units Total: 3/2 SFH, Duplex with stacked 1 Bed/1 Bath, and a four-plex with equal sized 1 Bed/1 Bath units. Cash flowing stabilized income, huge value-add opportunity, under-market rents with proforma to double income potential. Also a chance to utilize section 8 to secure subsidized tenants with little-to-no vacancy. The sale includes two folios 5422 & 5434 NW 5th Avenue. The units have gone through various updates including interior renovations gradually turning the units to a similar condition. Gated premises with off-street parking for tenants. 40-Year certification near completion.
School Ratings & Info
Description
Value-Add 7-Unit multi-property investment. Three buildings with 7-Units Total: 3/2 SFH, Duplex with stacked 1 Bed/1 Bath, and a four-plex with equal sized 1 Bed/1 Bath units. Cash flowing stabilized income, huge value-add opportunity, under-market rents with proforma to double income potential. Also a chance to utilize section 8 to secure subsidized tenants with little-to-no vacancy. The sale includes two folios 5422 & 5434 NW 5th Avenue. The units have gone through various updates including interior renovations gradually turning the units to a similar condition. Gated premises with off-street parking for tenants. 40-Year certification near completion.
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