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Listing Details
- $1,500,000
- MLS# 951869
- Type Multi Unit - Multiple
- Status Active
Local Information
Listed By
Agency Name: Outside The Box Real Estate
Agency Phone: (937) 202-9001
Shown By
Agency Title: Irongate Inc., Realtors
Agency Phone: 937-426-0800
Home Value Estimate
Description
Rare opportunity to acquire a stabilized, income-producing 12-unit townhouse portfolio in Trenton. This offering consists of three 4-unit buildings. Built in 1996, the property features spacious 2-bedroom/2-bathroom townhouse-style units averaging 1,100 SF each totalling 13,200 total rentable square feet on ~1 acre. Currently 100% occupied with in-place rents totaling $14,250/month with a low expense ratio. Eight of twelve units have been updated, with fully renovated units commanding $1,250–$1,300/month and remaining classic units offering clear upside through renovation to market rents. Tenants are responsible for electric, water,...read more
Features
- Wall
- Baseboard
- $14,502 Taxes
- Built in 1996
Gallery
Listed By
Agency Name: Outside The Box Real Estate
Agency Phone: (937) 202-9001
Shown By
Agency Title: Irongate Inc., Realtors
Agency Phone: 937-426-0800
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