Average square foot calculated using Size range provided by listing agent.
Description
This value-add 6-unit in highly desirable Pendleton Heights features 5 recently remodeled units in a building that has undergone substantial renovations, and one unit ready for your finishing touches! Bringing all rents up to market rates, finishing, renting the 6th unit (reno estimate available!) and other changes bring a stabilized cap rate of around 7% - an investors dream! Each renovated unit features 2 contemporary bathrooms, new kitchens (within the last 5 years), stylish finishes and spacious apartments with private entrances. Laundry facilities are in the basement, and all units are separately metered for electric and gas. *Minimum 24-hours notice required for showings. One unit may be shown, as well as the unit requiring renovation. Do not disturb tenants or enter any portion of the property without a showing appointment.*Show Description