

2401 Grandview Place
Multifamily | 8.30% CAP | 67 Units
Marketing description
High-Yield 67-Unit Condo Portfolio | Strong In-Place Income | 8.3% Cap Rate Rare opportunity to acquire a 67-unit residential condo portfolio offering immediate scale, stable cash flow, and an attractive 8.3% cap rate at current operations. This asset delivers consistent in-place income supported by a diversified tenant base, making it well-suited for investors seeking reliable yield in today's market. The property benefits from solid occupancy and established rental performance, with minimal reliance on pro forma assumptions. Investors can step into a stabilized asset with predictable revenue from day one. The condo structure provides additional strategic flexibility, including the potential for future unit-by-unit disposition (subject to market conditions and HOA guidelines), offering a compelling long-term value enhancement opportunity. This offering is ideal for yield-focused buyers, 1031 exchange investors, or groups seeking a scaled residential investment with both current income and optional upside.
Investment highlights
- 67 residential units within a condo project
- Strong in-place NOI of $712,172 (based on Seller provided info)
- Attractive 8.3% cap rate at asking price (based on recent appraisal)
- Stable occupancy and consistent rental income
- Potential long-term exit via condo sell-off strategy
- Turnkey investment with immediate cash flow
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