Incredible Turnkey Multifamily Investment! Professionally Managed, Newly-built Townhouse-style Rental Units Are A Passive Investor’s Dream. Built In 2023 These 16 Units, All Boasting 3 Bedrooms And 1.5 Bathrooms 2-story & Under Builder’s Warranty In 2024. Fire Sprinklers! Offers A Remarkable 6.5% Cap Rate On Year 1 Stabilized, 11.5 Grm & 24% Expense Ratio. 100% Occupancy W/ Tenant Wait List. Mostly Market Rate Tenants But Also Section 8 Approved, For Consistent Income. Option For 1-3 More Fourplex Under Devt, If Larger Portfolio Is Desired. Offering Is For Portfolio Of 4 Fourplexes But Open To Offers For Individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All Separate Parcels.
