Description
Fully occupied 8-unit, two-story brick multifamily property offering strong in-place income and immediate upside. All units are 2 bed, 1 bath. Five units have been renovated and are achieving premium rents, with three remaining units providing a clear value-add opportunity through updates. Property has demonstrated rental growth with continued demand in the area and consistent occupancy. DOR-approved for condo conversion, creating flexibility for a future exit strategy or phased sell-off. Located less than one mile from a major regional hospital development, supporting long-term rental demand. Part of a three-building portfolio at 420 Lordwith Drive, available individually or as a portfolio acquisition. Opportunity for both cash flow and appreciation.
-
0BEDS
-
0.18ACRES
-
0BATHS
-
01/2 BATHS
-
7,920SQFT
-
$239$/SQFT
School Information
Description
Fully occupied 8-unit, two-story brick multifamily property offering strong in-place income and immediate upside. All units are 2 bed, 1 bath. Five units have been renovated and are achieving premium rents, with three remaining units providing a clear value-add opportunity through updates. Property has demonstrated rental growth with continued demand in the area and consistent occupancy. DOR-approved for condo conversion, creating flexibility for a future exit strategy or phased sell-off. Located less than one mile from a major regional hospital development, supporting long-term rental demand. Part of a three-building portfolio at 420 Lordwith Drive, available individually or as a portfolio acquisition. Opportunity for both cash flow and appreciation.