Great opportunity with built in equity for the right buyer. This property offers 4 buildings on 2 acres with 50 units. Zoned RMF-24 and has open space in the front of the lot for possible future development. All units were leased, consistent high occupancy rate, approx 29K gross monthly income. Property flooded on 5/5/2022 with the heavy rains so tenants have been moved out and demo is almost complete to remediate water damage. Currently being offered As-Is before seller completes renovations. This is a chance to get a huge equity position by handling the renovations and this property will be back to generating massive cash flow. Drywall has been removed, as well as trim or cabinets as needed. This is a great opportunity to return to the original condition or even upgrade to increase cash flow. Don't wait!
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For more immediate assistance, please call Ward Jones Realtors, Inc. at 479-524-3123.