Baker Trails Apartments | 12 Units + Laundromat Income
Updated Units | 3BR + 2BR Mix | 8-Machine Laundry | Newer HVAC, Water Heaters, Electrical
Marketing description
Renovated multifamily opportunity with significant upside through improved occupancy. The property includes an on-site, income-producing laundromat with 8 machines generating an average of several hundred dollars per month. Utilities are individually metered, so tenants pay their own.
The downstairs units were fully gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have also been improved, including central HVAC systems installed within approximately the last 5 years, newer water heaters, and updated electrical panels, meter pans, and wiring in most units.
Current ownership has maintained conservative tenant qualification standards and has not been aggressive with leasing, creating a clear opportunity for a new owner to improve occupancy and increase cash flow.
Investment highlights
• Downstairs units completely renovated: gutted/rebuilt (new cabinets, doors, sheetrock, electrical panels, meter pans, wiring)
• 12 total units across three 4-plex buildings
• On-site laundromat (8 machines): seller estimate approx $800/mo; upside as subject and surrounding vacancy is absorbed • Value-add lease-up opportunity (current occupancy approx 42%)
• Individual metering (water and electric) • All central HVAC units reported replaced within ~5 years; newer water heaters
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