711 & 719 Murray Drive

Investment Overview

711 Murray Drive & 719 Murray Drive offer the opportunity to acquire eight units across two adjacent four-unit multifamily properties. The properties total approximately 6,689 square feet on 1.32 acres. Each property includes two 2BR/1BA and two 1BR/1BA units, for a combined unit mix of four 2BR/1BA and four 1BR/1BA residences.

711 Murray Drive is fully leased with long-term tenancy in place and includes on-site laundry with the opportunity to expand tenant use. Recent improvements include a new driveway, deck, concrete, gutters, shed, and flooring improvements.

The adjacent 719 Murray Drive offers immediate value-add potential. One unit is currently occupied under a one-year lease, while the remaining three units have been cleared and primed, allowing a new owner to complete interior finishes and bring the units back online. Recent improvements include a newer roof, upgraded electrical service boxes, new concrete, and gutters.

Together, the properties offer a combination of existing rental income at 711 Murray Drive and renovation and lease-up potential at 719 Murray Drive.

Property Highlights

• $1,010,000 Asking Price
• 6,689 SF multifamily building
• 1.32 acres
• 8 residential units
• Unit mix: Four 2BR/1BA and four1BR/1BA units
• 711 - Fully occupied with long-term tenancy in place; 719 - 1 unit has 1 year lease in place. 3 units - vacant and ready for finishes to be completed.
• On-site laundry expansion for tenant use available in 711 building
• Recent improvements include:

1. New driveway
2. New deck
3. Concrete improvements
4. New gutters
5. Shed
6. Flooring improvements

• 711 Murray Drive available only with 719 Murray Drive