alue Add Investment Opportunity | 6 Units | Seller Is Not Doing a 1031 Exchange
Investment Highlights:
All tenants on month-to-month leases, offering the flexibility to adjust rents and reposition the asset
Desirable unit mix: 5 - 2-bedroom, 1-bath units and 1 - 4-bedroom, 1-bath front unit
Two fully remodeled units with modern interiors, appealing to quality tenants
Located in a high-demand rental market with consistent occupancy and limited inventory
Current CAP rate at 7.3%
5 of the 6 tenants are long term tenants.
The month-to-month lease structure allows for gradual rent increases or full repositioning to market rates.
Seller is motivated.