
Westwood Acres Apartments
Great Investment Opportunity! 20 Units with solid income stream and room for value add
Marketing description
20-doors! Three all brick buildings on +/-1.5 acres. Take a look at this investment opportunity offering not only a solid income stream but also the potential for expansion. Positioned near the future I-57 interstate, this complex is convenient for commuters, enhancing its desirability and long-term value. All 20 apartments were upgraded with new mini-split heating and air units in 2024, offering tenants comfort and energy efficiency. Additional revenue income from on-site coin-operated laundry. Room for value add and rate improvements. An additional +/- 1.0 acre with approximately 240 ft of highway frontage is available to purchase providing an excellent opportunity for further development, allowing you to capitalize on the demand for additional rental units or other business ventures.
Investment highlights
20 doors
New mini-splits HVACs in all units
Gross income potential ~$134,700
NOI ~$111,385
All brick
Near future I-57
Additional income from coin laundry
+/- 1.5 acres with additional acre available
Potential rent improvement
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