Description
Rare opportunity to acquire an 8-unit multifamily property in Edgemont, fully composed of spacious 2-bed/1-bath apartments averaging over 780 sq ft each. The building totals 6,256 sq ft on a large 0.80-acre lot, offering both scale and potential for future expansion. Current occupancy is strong, with proven rental demand in the market. Several units have been updated, and all are individually metered for electric with separate water heaters. Current rents are below market, providing immediate upside for a new owner to raise income through modest updates and rent adjustments. Tenants are responsible for their own electric; owner covers water/sewer, taxes, and insurance. Ample parking is included on site. This property may be purchased individually or as a package with the neighboring 4-plex at 701 5th Ave, creating a rare 12-unit investment opportunity in a stable rental market.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
Rare opportunity to acquire an 8-unit multifamily property in Edgemont, fully composed of spacious 2-bed/1-bath apartments averaging over 780 sq ft each. The building totals 6,256 sq ft on a large 0.80-acre lot, offering both scale and potential for future expansion. Current occupancy is strong, with proven rental demand in the market. Several units have been updated, and all are individually metered for electric with separate water heaters. Current rents are below market, providing immediate upside for a new owner to raise income through modest updates and rent adjustments. Tenants are responsible for their own electric; owner covers water/sewer, taxes, and insurance. Ample parking is included on site. This property may be purchased individually or as a package with the neighboring 4-plex at 701 5th Ave, creating a rare 12-unit investment opportunity in a stable rental market.
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