This property was acquired by our company as a non-performing asset due to high maintenance costs, significant vacancy rates, and poor rent collections. Leveraging our Multi-Family Turnkey Investment process, we took ownership, issued notices to delinquent residents, and began a comprehensive renovation plan. Our goal was to attract quality tenants by upgrading the units and minimizing maintenance needs, which are essential to stabilizing cash flow and promoting long-term tenant retention. Through targeted improvements, we transformed the property into a more desirable living space, creating a sustainable, efficient asset that supports both our financial goals and resident satisfaction.

All 26 units have been renovated. Currently, we are asking $66,342 a unit.

We took on this property at 40% occupancy. In 2024, we are collecting 96.4% of Rent.  As of November 2024, the property is 100% occupied. For most up to date cost and monthly expenses, please email [email protected].

Features:

• Three buildings consisting of 26 units
• Unit mix: 1 bed, 1 bath
• Fully remodeled and fully occupied
• Quick access to Cantrell Road
• Minutes to the Heights and Hillcrest neighborhoods

The property is being managed by Turnkey Property Management. Currently, we are only accepting offers that will keep management in place. For more information about our management, please go to www.TurnkeyPMG.com.

This property is being listed by our Commercial Agent, Daniel Vogel with Colliers Inc. Offer memorandum available upon request.

VR Walk-Through at the bottom of this page.