
Listed by Century 21 Bono Realty
$1,750,000
14590 Highway 165 Highway
Details
APN 022-0008615
Property Type Special Purpose, Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 18,000
NOI $233,900
Year Built 1996
Buildings 1
Acreage 3.000
Parking Spaces 107 spaces
Parking Per SqFt 5.94
Special Purpose | 18,000 SqFt
Marketing description
Discover a prime investment opportunity with this well-maintained apartment complex located on the south side of Kinder. Built in 1996 and renovated in 2023, this 25-unit property sits on two acres, with an additional one-acre lot on the south side perfect for expansion, resale, or endless possibilities. The complex features a mix of 6 - 1BR/1BA, 18 - 2BR/2BA, and 1 - 3BR/2BA units. Each apartment boasts modern stainless steel appliances, laminate wood floors, ceramic tile in bathrooms, ceiling fans, split A/C and heat units, and neutral color, creating a contemporary and comfortable living environment. The property includes 107 parking spaces along with 4 handicap-accessible spots, and there is a laundry facility that generates additional income. Each unit has its own electric and water meter, and the owner covers garbage pickup and grounds maintenance. The complex is equipped with a fire sprinkler system, installed and approved by the fire marshal, ensuring safety and compliance. With an impressive 98% occupancy rate and a strong rental history, this complex offers a stable income stream and significant future potential. This versatile property combines modern upgrades, desirable amenities, and a strategic location — making it an exceptional opportunity for investors looking to expand their portfolio.
Listing Contacts

Listed by Century 21 Bono Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,900.00
$19,491.67/mo
Valuation Metrics
0
DSCR
13.37%
Cap Rate
13.37%
ROI
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