$685,000
Exceptional 18-Unit Multifamily Investment Portfolio with Additional Development Potential! Rare opportunity to acquire 9 duplexes totaling 18 residential units, with every unit featuring a highly rentable 2-bedroom, 1-bathroom floor plan. This portfolio provides investors with 36 total bedrooms and 18 bathrooms and offers the advantage of acquiring substantial rental scale in a single transaction. The properties are already producing immediate rental income, while offering additional upside through lease-up, rent optimization, and continued property improvements. Several vacant units have been renovated and are move-in ready, allowing a new owner the opportunity to increase occupancy and revenue without extensive upfront renovations. The roofs are approximately 6 years old, reducing exposure to one of the larger capital expenses associated with multifamily ownership. Adding even more value to the package is an additional vacant lot zoned CR-4, providing potential for future multifamily development and expansion, subject to applicable zoning and approvals. Current monthly rental income is approximately $6,115, with additional income potential as vacant units are leased and the portfolio is stabilized. This is an excellent opportunity for a buy-and-hold investor, multifamily operator, portfolio investor, or 1031 exchange buyer seeking immediate cash flow combined with significant value-add and future development potential. 18 units. 9 duplexes. 36 bedrooms. Additional development lot. One investment package. Contact today for additional property information, rent roll, financial details, and showing availability.
18
Beds
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9
Baths
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165307
MLS
2601 S Jackson, Albany