Description
The offering consists of two 4-plexes with all the units being 2-bed 1-bath apartments (roughly 780 SF each).Each unit has central air & heating as well as washer/dryer hook-ups.Very stable tenant base with several tenants staying on-site for many years.The owner has implemented a ''water fee'' on all leases executed within the last 6 months (2 in total). A similar strategy can be implemented by a new owner on future lease renewals. The properties are in close proximity to GE and many other employers with well-paying jobs. Significant value-add opportunity for investors as rents are currently below market and rental demand in the area is strong.Contact the listing agent for a private showing. All offers will be reviewed by the owner on Sunday (May 15th) at 6 pm EST. All offers must be accompanied with a pre-approval letter from a lender. To access relevant property data and financials, fill out the following confidentiality agreement: https://docs.google.com/forms/d/e/1FAIpQLSfXyLA3u680Mq36WG1iwNVe0DoZ8ENxD-y7K5dY65v74qJ1gA/viewform?usp=sf_link
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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6,430SQFT
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$101$/SQFT
School Ratings & Info
Description
The offering consists of two 4-plexes with all the units being 2-bed 1-bath apartments (roughly 780 SF each).Each unit has central air & heating as well as washer/dryer hook-ups.Very stable tenant base with several tenants staying on-site for many years.The owner has implemented a ''water fee'' on all leases executed within the last 6 months (2 in total). A similar strategy can be implemented by a new owner on future lease renewals. The properties are in close proximity to GE and many other employers with well-paying jobs. Significant value-add opportunity for investors as rents are currently below market and rental demand in the area is strong.Contact the listing agent for a private showing. All offers will be reviewed by the owner on Sunday (May 15th) at 6 pm EST. All offers must be accompanied with a pre-approval letter from a lender. To access relevant property data and financials, fill out the following confidentiality agreement: https://docs.google.com/forms/d/e/1FAIpQLSfXyLA3u680Mq36WG1iwNVe0DoZ8ENxD-y7K5dY65v74qJ1gA/viewform?usp=sf_link
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Listing provided courtesy of Grisanti Group Commercial Real Estate.
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