Listed by Adashun Jones, Inc
$1,280,000
228 ENTERPRISE Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,600
Units 16
Tenancy Multi
Class C
Year Built 1979
Buildings 1
Acreage 0.950
Zoning commercial
Parking Spaces 16 spaces
Parking Per SqFt 1.38
Investment Type Stabilized
Exceptional investment opportunity! Renovated 16-unit apartment complex!
Marketing description
Exceptional investment opportunity! This 16-unit apartment complex has been extensively renovated with numerous recent improvements, including new siding, soffit, fascia, interior and exterior lighting, electrical, deck railings and new water heaters. The property offers on-site parking and the convenience of in-unit washers and dryers for tenants. With too many updates to list this well-maintained complex showcases pride of ownership and reduced future maintenance concerns. Review the attached updates document for a complete list of improvements. A turnkey property with strong rental appeal and long-term value.
Investment highlights
- Exceptional investment opportunity
- 16-unit apartment complex has been extensively renovated with numerous recent improvements
- New siding, soffit, fascia, interior and exterior lighting, electrical, deck railings and new water heaters
- On-site parking and convenience of in-unit washers and dryers for tenants
- Well-maintained complex showcases pride of ownership and reduced future maintenance concerns
- Turnkey property with strong rental appeal and long-term value
- Each unit is 440sq ft, 1 Bedroom, 1 bathroom
- Tenants pay their own electricity (electric heat)
- Owner pays electric for common areas/outside lights and the water
Listing Contacts
Listed by Adashun Jones, Inc
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
