Investment Overview
This fully renovated six-unit multifamily asset offers investors a turnkey opportunity with immediate cash flow and 100% occupancy. The property has undergone a comprehensive renovation program designed to minimize future capital expenditures, including a new roof, replacement windows, exterior paint, mini-split HVAC systems, updated cabinetry and countertops, new flooring, modern lighting fixtures, and numerous additional improvements throughout. Current operations generate a gross annual income of $70,752 and a net operating income of $52,260, supporting a strong 9.5% cap rate. With no deferred maintenance and professionally maintained units, the property provides a stable investment profile well suited for both seasoned investors and buyers seeking a low-maintenance addition to their portfolio. The combination of updated infrastructure, strong occupancy, and attractive financial performance creates an opportunity for immediate and reliable returns.
Investment Highlights
- Turnkey six-unit multifamily investment
- 100% occupied with stable income
- New roof and replacement windows
- Comprehensive interior renovations completed
- NOI of $52,260 annually
- Strong 9.5% cap rate