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INVESTMENT HIGHLIGHTS
- Large growth in the area
- Centrally located to shopping, schools, and entertainment.
- Indivdual units that could be sold off as a whole or as a single unit
PROPERTY FACTS
| Total Building Size | 7,800 SF | Floors | 2 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,900 SF |
| Property Subtype | Apartment | Year Built | 2006 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Zoning | PRD - PRD - Individual Condos | ||
| Total Building Size | 7,800 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 3,900 SF |
| Year Built | 2006 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | PRD - PRD - Individual Condos |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Refrigerator
- Range
- Carpet
- Breakfast Nook
1 UNIT AVAILABLE
Unit 5
| Unit Size | 1,560 SF | Cap Rate | 5.20% |
| Price | $1,250,000 | NOI | $65,000 |
| Price Per SF | $801.28 | No. Parking Spaces | 10 |
| Condo Use | Flex | APN/Parcel ID | 0149A 010 |
| Sale Type | Investment |
| Unit Size | 1,560 SF |
| Price | $1,250,000 |
| Price Per SF | $801.28 |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| NOI | $65,000 |
| No. Parking Spaces | 10 |
| APN/Parcel ID | 0149A 010 |
DESCRIPTION
3-bedroom, 2.5-bath floor plan with a one-car garage, a layout that has proven highly desirable among tenants. Large entry with staircase to opening to large living room. Eat up bar area open to living room, Kitchen has ample cabinets with Refrigerator, Stove, Dishwasher and Microwave. Rear back patio with small partition fences for privacy.
SALE NOTES
This offering consists of the first building within the condominium complex, comprising five (5) well-maintained units labeled A–E. The property presents an excellent opportunity for an investor to retain the building as a single income-producing asset or, alternatively, sell units individually in the future, providing built-in exit flexibility. Each unit features a 3-bedroom, 2.5-bath floor plan with a one-car garage, a layout that has proven highly desirable among tenants. The units have a strong rental history, with current rents averaging approximately $1,400 per month, and market conditions support potential increases to $1,500 per month or more, offering immediate and long-term upside. Monthly condominium assessments for taxes and insurance will commence upon sale. In addition, the seller owns fifteen (13) additional units within the development and may consider selling additional units to an interested buyer, creating a rare opportunity to scale within the same community. This offering is well-suited for investors seeking stable cash flow, future appreciation, and optional condo sell-off potential.
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UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 20 | - | 1,560 |
Presented by
3400 N Barack Obama Blvd
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