Back on the market with 95% occupancy and a highly motivated Seller, Sunshine Apartments presents an exceptional chance to acquire a fully renovated, income-generating 40-unit apartment complex YEAR ONE!
Future-proofed interiors featuring granite countertops, full appliance packages, and durable LPV flooring.
Electric sleeve units for heating and cooling, paired with instant propane-powered hot water heaters.
Solar panels supply approximately 50% of the property’s electricity needs. Majority of units benefit from well water access.
These eco-friendly systems significantly reduce operating expenses, ensuring higher ROI and long-term value.
Current rents include utilities, laundry, and internet. By implementing a $30/month utility surcharge, boosting annual income by $14,400, totaling cash flow to $78,806 annually.
Offered at an 8.4% cap rate with a 7.5% cash-on-cash return.
80% LTV with a 1.29 DSCR—an unparalleled opportunity in today’s market.
