$2,200,000

Property Details

Unit Mix

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

Investor Opportunity 6-Unit Multifamily Portfolio Rare opportunity to acquire three duplex buildings totaling six units with strong in-place income and meaningful rental upside. This well-maintained multifamily asset features updated interiors, spacious townhome-style floor plans, and a history of strong tenant demand, supporting stable occupancy and consistent cash flow. The property is currently operating at an approximate 4.66% cap rate with an estimated 35% expense ratio, providing immediate income for investors. Additional upside exists through rent growth, with market-supported rents projected at approximately $2,500 per unit, creating the potential to increase the cap rate to approximately 5.30% while further enhancing cash flow and overall asset value. Recent capital improvements and unit upgrades have positioned the property for continued performance while minimizing near-term maintenance requirements. The combination of large unit sizes, low-density configuration, strong in-place income, and clear value-add potential makes this an attractive opportunity for investors seeking both current yield and long-term appreciation. Buyer to verify all financial information, rental projections, and cap rate calculations."THREE DUPLEX buildings comprising SIX TOTAL UNITS, 416 Scott Avenue presents a compelling investment opportunity to acquire a well-maintained multifamily asset with high in-place income and significant upside potential. The property offers a desirable mix of UPDATED residences and spacious townhome-style layouts that appeal to long-term tenants and support strong occupancy. Recent capital improvements and unit enhancements have positioned the property for continued growth, while rental upside and additional value-add opportunities provide investors with a clear path to increased cash flow and long-term appreciation. The low-density configuration, oversized floor plans, and strong tenant demand further distinguish this asset from competing multifamily offerings in the market.