The Coliseum | 17 Units
Well Maintained | Apt Building
Marketing description
This 17 unit building with all one-bedroom apartments offers residents everyday convenience with on-site laundry and off-street parking. The buildings have been thoughtfully maintained and recently updated, making them an attractive, turnkey investment opportunity.
The building sits just steps from the Metro Blue Line, major bus routes, and easy highway access. Located along the Minnehaha Avenue bike corridor, the area supports an active, walkable lifestyle with nearby shops, cafes, and everyday essentials.
Investment highlights
Stable Occupancy: Consistently high resident retention reflects strong tenant demand and solid market fundamentals.
Utility Reimbursement Program (RUBS): System in place to recover utility costs and enhance operational efficiency.
Ongoing Capital Enhancements: Recent improvements continue to elevate property quality and attract a strong resident profile.
Proven Income Stream: Established rent roll provides immediate, reliable cash flow.
Favorable Tax Position: Low-Income Rental Classification (4D) status delivers a significant property tax reduction.
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