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favorite this post Apartment Complex for sale $2.4M (Florence) hide this posting unhide

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Asking: $2,400,00 (Fee Included)

Units: 48

Living SQFT: 37,598

Lot: 4.05 Acres

Year: 1950

NOI: $193,230

CAP Rate: 8.05%

VALUE ADD

High demand neighborhood and complex. Occupancy is 79% in April/May because they were finishing renovations on the last section of the complex. The apartment are high demand because of their quality. They have an overflowing waiting list of approved and qualified renters ready to fill vacancy. In a matter of weeks maybe a month-they will be 100% occupied.

www.bulgerhomes.com
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post id: 6918360999

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