$1,040,000
15535 Broken Bow Road
Details
APN 0441231130000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,700
Units 8
Price per SqFt $182
Class C
Year Built 1962
Buildings 1
Stories 2
Acreage 0.670
Zoning Public Rec
Parking Spaces per unit
Investment Type Value Add
Sale Condition N/A
Value-Add 8-Unit Apartment Opportunity With Significant Rental Upside
Marketing description
Great opportunity for investor looking for a property with some meat on the bones. Handyman special with some clean up to catch up with the 25% increase to market rents and capture the upside. Priced to sell with a quick close. Bring all offers!
Investment highlights
8-Unit Value-Add Apartment Opportunity
All 2 Bed / 1 Bath Units
Below Market In-Place Rents
Renovation & Lease-Up Upside
Opportunity to Increase NOI Through Interior Improvements
Multiple Units Already Vacant for Immediate Renovation
Individually Metered for Electricity & Gas
Onsite Parking
Well-Spaced Lot With Operational Flexibility
Strong Workforce Housing Demand
Significant Upside Potential After Stabilization
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