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Available For Sale - Multifamily

13,440 SF | Show Pricing $

AVAILABILITY DETAILS

Size
13,440 SF
Price/SF
Show Pricing $
Listing ID
SA448769
Notes
Meybohm Commercial is pleased to present this value-add multifamily investment opportunity. The subject property is a twelve unit apartment building with roughly 10.41 acres of land zoned and entitled for the development of 36 (48 total) additional apartment units. The existing units all in good condition and share similar 1,120 SF floorplans with a 2 Bedroom/1.5 Bath configuration. All units are occupied as of the time this property being taken to market and are rented at various rates ranging from $600 to $700. Market rent is estimated to be $715 for similar units. Coupled together, the potential for increased rents and the development potential of the entitled land makes for an excellent value-add opportunity. In total, the property is comprised of 12.3 acres.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jonathan Aceves CCIM MBA, Meybohm Commercial Properties
BRE# 285735