Incredible opportunity to purchase a 5 unit, fully updated building located in the vibrant Grove Neighborhood and across from Rockwell Brewing. These spacious apartments blend modern updates with classic charm. Each unit features hardwood floors throughout, in-unit washer and dryer, central air, stainless steel appliances, quartz countertops, updated kitchens, built-in bookshelves, and an abundance of natural light from large updated windows. The property offers several amenities: shared lounge overlooking looking a private, walled courtyard and secured parking in the rear garage.
In-place rents are averaging ~$1,371/month with several units currently leased below market but have significant upside. The property has already proven the ability to command higher rents at $1,500/month. This is a low-lift value add opportunity for investors to purchase a stabilized, well-maintained asset with proven rent upside.
