2020 N 22nd St
Multifamily | 15 Units | $200,000/unit
Marketing description
PRIME INVESTMENT OPPORTUNITY – TURN-KEY 2-YEAR-OLD NEW CONSTRUCTION 15-UNIT BUILDING (13 UNITS RENTED)
RARE CHANCE TO ACQUIRE A MODERN, HIGH-END NEW CONSTRUCTION MULTIFAMILY ASSET DELIVERING STRONG IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE. THIS 2-YEAR-OLD, 15-UNIT BUILDING IS 90% LEASED WITH 13 UNITS OCCUPIED BY QUALITY TENANTS, ENSURING STABLE AND CONSISTENT RENTAL INCOME FROM DAY ONE.
PROPERTY HIGHLIGHTS (INVESTOR FOCUSED)
• 15-UNIT NEW CONSTRUCTION (BUILT 2022)
• 13 UNITS RENTED – IMMEDIATE CASH FLOW
• 10-YEAR TAX ABATEMENT – ONLY $2,750 YEARLY PROPERTY TAX
• PREMIUM UNIT MIX – STUDIO, 1-BED, 2-BED
• LUXURY FINISHES – QUARTZ KITCHENS, STAINLESS STEEL APPLIANCES
• CUSTOM TILE BATHS + IN-UNIT LAUNDRY
• ENERGY-EFFICIENT & FULLY SPRINKLERED
• SEPARATE UTILITIES – LOWER OPERATING EXPENSES
• SECURE ENTRY + CAMERA SYSTEM
• LOW MAINTENANCE / MINIMAL CAPEX FOR YEARS
STRONG OPERATING PERFORMANCE
• HIGH RENTAL DEMAND – TOP-OF-MARKET RENTS
• MODERN MECHANICALS – REDUCED REPAIRS
• IDEAL FOR PASSIVE OWNERSHIP OR VALUE-ADD STRATEGY
• SIGNIFICANT RENT GROWTH & APPRECIATION POTENTIAL
• LOW PROPERTY TAXES DRAMATICALLY IMPROVE CASH FLOW
LOCATION ADVANTAGES
• RAPIDLY DEVELOPING, HIGH-DEMAND RENTAL AREA
• SURROUNDED BY NEW CONSTRUCTION, UNIVERSITIES & MAJOR EMPLOYERS
• WALKABLE TO PUBLIC TRANSIT, RETAIL, AND COMMUNITY AMENITIES
• STRONG AREA APPRECIATION + FUTURE DEVELOPMENT PIPELINE
INVESTMENT SUMMARY
A TURN-KEY, CASH-FLOWING, LUXURY MULTIFAMILY BUILDING WITH EXTREMELY LOW PROPERTY TAXES THANKS TO A 10-YEAR ABATEMENT. PERFECT FOR 1031 BUYERS, PORTFOLIO EXPANSION, OR LONG-TERM WEALTH BUILDING WITH STRONG OCCUPANCY AND MEANINGFUL UPSIDE.
Investment highlights
15-Unit New Construction (Only 2 Years Old)
13 Units Already Rented – Immediate and stable cash flow
High-End Luxury Finishes – Quartz countertops, stainless steel appliances, custom tile baths
Modern, Low-Maintenance Asset – Minimal CapEx for years
Fully Accessible to Public Transportation – Ideal for tenant demand
Located in a Rapidly Developing Neighborhood with strong appreciation trends
In-Unit Laundry in Every Apartment – High tenant satisfaction and retention
Secure Entry + Camera System – Added security and peace of mind
Energy-Efficient Design & Brand New Mechanical Systems – Lower operating costs
Strong Rental Demand Area – Surrounded by new development, universities, employers, and retail
Top-of-Market Rent Potential – Luxury finishes attract quality tenants
Turn-Key Investment – Perfect fit for 1031 exchange or portfolio expansion
Highly Appreciating Neighborhood – Excellent long-term equity growth
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