

Listed by Gorman & Associates
$1,595,000
3227 W Cabot Drive
Details
APN 13530208
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 3.81%
Buildings 1
Acreage 0.200
Zoning Public Rec
Multifamily | 3.81% CAP | 4 Units
Marketing description
Rare opportunity to acquire a well-located 4-unit apartment property with strong value-add potential. Offered by an ownership group that recently inherited the asset and does not wish to continue operations, creating an excellent opportunity for investors. Attractively priced for an efficient sale, the property offers the ability to increase value through renovations, unit turnover, and rental growth. Desirable unit mix with spacious floor plans and strong rental demand fundamentals. Current rents are below market, presenting immediate upside potential through interior improvements and operational efficiencies. Situated on a residential street among similar multifamily properties, the asset benefits from close proximity to employment centers, shopping, dining, and major transportation corridors. Nearby renovated comparable properties have recently sold, further supporting the repositioning opportunity.
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Listed by Gorman & Associates
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