6-unit apartment complex featuring six 2bd/1bth units with strong current income and excellent rental upside. The property was originally built in 1979, offers approximately 5,340 square feet of rental space, and sits on an extra-large 9,725 square foot lot with 8 parking spaces and a nice backyard area. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turnkey
investment for the next owner. The units have been remodeled and offer new kitchens, bathrooms, upgraded electrical and plumbing, new flooring, double pane windows, new exterior and interior paint, a newer roof, and more. The property has been historically managed by the owner and offers low annual operating expenses. Currently there is one vacant 2bd/1bth unit that’s perfect for an investor seeking
high market rents or a possible owner-occupant.

- 6-unit Apartment Complex Offering Six 2bd/1bth Units
with Strong Current Cash Flow and Excellent Upside
- Remodeled in 2015 with New Flooring, New Paint, New
Appliances, New Cabinets, New Countertops, New
Lighting, New Tile, and More
- Low Maintenance Property with Upgraded Electrical,
Plumbing, Newer Roof, and Double-Pane Windows
- Owner-Managed with Low Annual Operating Expenses
- Excellent Laurel District Location East of MacArthur Blvd.
- Secure Gated Parking and Onside Coin-Op Laundry
- $595,000 Assumable Debt at 3.95% Unit September 2029
- Built in 1979, Price/Unit: $241,667, Price/SqFt: $271.54
- Current Cap Rate: 6.48%, Current GRM: 9.95