Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
26,446
Price per SqFt
N/A
Now available is a rare and professionally managed multifamily portfolio consisting of 44 rental units spread across 22 separate buildings, along with a two-story single-family home currently used as an on-site office and maintenance storage facility, complete with a two-car garage. The unit mix includes 33 two-bedroom, one-bath units; 10 one-bedroom, one-bath units; and one two-story residence currently functioning as the property management hub. The portfolio features a variety of HVAC systems, including central heating and air, wall units, and mini-splits, offering flexibility and cost-effective maintenance options. The grounds are meticulously maintained with manicured landscaping and professionally trimmed trees, contributing to tenant satisfaction and curb appeal. Two on-site coin-operated laundry facilities serve the tenant base—already equipped with brand-new washers and dryers adding further convenience and income potential. The buildings sits on Large and smaller tax folios, providing flexible financing options and the ability to utilize conventional residential loans on smaller parcels. Located within a federally designated Opportunity Zone, this asset presents a significant tax-advantaged investment opportunity for qualified buyers. Current market rents, supported by documentation, average $1,686 ea month for one-bedroom units and $1,978 ea month for two-bedroom units. In addition to stable cash flow from rental income, laundry operations there is the potential for increased revenue through future rent adjustments as leases come up for renewal. Whether you're a seasoned investor or seeking to take advantage of Opportunity Zone incentives, this high-performing, income-generating asset offers both immediate income and long-term appreciation potential. 29,373 Sq Ft Total 26,446 Heated Sq Ft Total, 151,098 Sq Ft land, 6.57% CAP Rate with current rents, 8.3% CAP Rate with the Fair Market Value increased rent (Documentation can be provided)
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
Exterior
-
Garage
No
-
Construction Materials
Block
Area & Lot
-
Lot Size(acres)
0.31
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Financial
-
Sales Price
$10,000,000
-
Tax Amount
6350.17
Property Features
-
Association
NO
-
Senior Community YN
No
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Location
County
Hillsborough
Elementary School
Middle School
High School
Listing Courtesy of Lori Rutherford , RE/MAX MARKETING SPECIALISTS
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