11 Unit Multifamily Investment Opportunity

Investment Overview

Constructed in 1971, this two-building property consists of seven 1-bedroom and four two-bedroom units. The ground-floor units have private fenced yards while the second-floor units have spacious balconies. Current ownership acknowledges that existing rents are below market, providing the opportunity to grow the NOI through annual increases. Additionally, 16 Marian Ct. is in a Federal Opportunity Zone, providing an investor with unique capital gains incentives.

Investment Highlights

• Stable tenancy with over 5 years without vacancy
• Below market rents
• Rent increase moratorium expected to end Dec. 31, 2021
• Federal Opportunity Zone
• On-site management
• Conveniently located near HWY 101 and 580
• 14 Parking spaces