410 E Euclid Ave
Mixed Use | 10.42% CAP | 3,360 SqFt
Marketing description
WILLING TO GET CREATIVE WITH A DOWNPAYMENT
Multifamily Investment Opportunity – Former Church Conversion
3-Unit Multifamily Property | Value-Add Opportunity | Strong Cap Rate Potential (Current = 10.4%, ProForma = 20.5%)
We are pleased to present a unique value-add investment opportunity: a three-unit multifamily property in a former church building. With historic character and upside potential, this asset offers investors immediate cash flow and long-term appreciation through light renovations and lease restructuring.
Investment highlights
Unit Mix:
2 bed / 1 bath apartment - $530
2 Bed / 1 bath apartment - $700
2 Bed / 1 Bath apartment - previously $550 (Needs updating and repairs)
Tenant Utilities: Tenants pay gas and electric
Landlord Expenses: Water and trash
Recent Capital Improvements: New Bathtub, Surround & Shower plumbing Unit A, New Bathtub Surround and Plumbing Unit C
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