1285-1295 Ammons Street
Multifamily | 10 Units | $230,000/unit
Marketing description
1285-1295 Ammons is a 10-unit investment property in a high growth submarket. The buildings were constructed in 1961 and have had extensive recent improvements including boilers, water heaters, windows, and electrical. There is also a diverse unit mix that will perform well in all markets, consisting of two (2) - 1Bd/1Ba, four (4) 2Bd/1Ba, and four (4) - 3Bd/1Ba. The units are well maintained with dishwashers and achieving strong rents.
This deal is located in a high growth submarket with walkability to the Wadsworth Light Rail Station. There has been large scale redevelopment in the area including class A apartments, retail, and townhomes. For the right investor, this is an opportunity to buy a deal in a great location that will continue to improve over time.
Investment highlights
High growth location with walkability to Wadsworth Light Rail Station
Recent updates include boilers, water heaters, windows, and electrical
Well maintained units with dishwashers; achieving strong rents
Separately metered electric - tenants pay direct
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