3425 Martin Ave

Investment Overview

A distressed multifamily property with potential for value addition. It comprises a total of 5 units. Two of these units are currently leased on a month-to-month basis at a rate of $950 per month. The remaining three units are vacant and have been updated with new flooring, windows, and paint. Tenants are responsible for their electric bills, (Individually metered) while the owner covers the costs of water, sewer, and trash services. The owner has indicated that no T-12 or rent rolls are available. The market rent is conservatively estimated at $1045 per month for each unit. Rent comps in documents and can be provided.

Area Overview

From I-40/I-85 Exit 131 slight right toward I-785 N/I-840 W and merge. Take exit 14B-A for US-29 S ramp. Turn right onto McKnight Mill Rd. Turn right onto Martin Avenue