Each unit is separately metered for water, electricity, and natural gas, keeping utility management simple. The hot water heater and stove run on natural gas, significantly reducing electricity costs. While units will require some updates, they present an excellent value-add opportunity for investors.
Currently, two units are occupied by Section 8 tenants, with reimbursement set at the 1-bedroom, 1-bath rate. Note that none of the units include central heating and air, and all window units belong to the tenants.
With strong rental demand in this prime location, this property offers great potential for steady cash flow and future appreciation. Don’t miss out on this investment opportunity!
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