Morton Drive Apartments
18 unit Apartment Complex
Marketing description
Well-maintained newer apartment complex featuring 6 attractive brick buildings with durable concrete floors and updated interior finishes throughout. All buildings had new roofs in 2025. This income-producing property consists of 18 total units, including 15 two-bedroom units and 3 one-bedroom units, with average rents exceeding $1,000 per month.
Individually metered units provide an excellent opportunity for increased NOI, as the current landlord covers utilities. Absentee ownership and professional local management are already in place, with the management company willing to remain for a seamless transition if desired.
Priced to sell with multiple opportunities to add value and maximize returns. Whether you are looking to expand your portfolio or invest in a strong multifamily asset, this property offers stability, upside potential, and long-term growth opportunities.
Investment highlights
Well-maintained newer apartment complex featuring 6 attractive brick buildings with durable concrete floors and updated interior finishes throughout. All buildings had new roofs in 2025. This income-producing property consists of 18 total units, including 15 two-bedroom units and 3 one-bedroom units, with average rents exceeding $1,000 per month.
Individually metered units provide an excellent opportunity for increased NOI, as the current landlord covers utilities. Absentee ownership and professional local management are already in place, with the management company willing to remain for a seamless transition if desired.
Priced to sell with multiple opportunities to add value and maximize returns. Whether you are looking to expand your portfolio or invest in a strong multifamily asset, this property offers stability, upside potential, and long-term growth opportunities.
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