SOLD $360,000 - Apartment Building, Apartments, MultiFamily
An exceptional investment opportunity awaits with this impressive 11-unit apartment building. Situated on a tranquil suburban street, the building occupies a .159-acre parcel and offers ample parking for residents. The well-designed units feature a mix of one and two bedrooms, each spanning approximately 680 square feet. Tenant convenience is prioritized with on-site laundry facilities located at the rear of the property.
The location of this building is a standout feature, with close proximity to the highly sought-after Historic Commercial District in Cumberland. Residents can easily access banks, shopping centers, hotels, and other amenities within walking distance. This central location adds to the property’s appeal and potential for attracting tenants.
The apartments have been thoughtfully designed to ensure tenant comfort and satisfaction. Recent upgrades, including new roofing, siding, plumbing, and electrical work, have enhanced the overall condition of the building. Each unit is separately metered, allowing for individual utility billing.
With these improvements in place, there is significant potential to increase rental rates without the need for further capital investment. The seller’s dedicated efforts have positioned this property for a seamless ownership transition and the opportunity for immediate returns.
In addition to the 11-unit building, the unique aspect of this investment opportunity lies in the option to acquire an additional portfolio. The portfolio includes another 11-unit building located at 215 Virginia Ave, as well as a single-family home. This combined offering presents a remarkable total of 23 units across three properties.
What makes this opportunity even more enticing is the attractive price tag of just $765,000 for the entire portfolio. Don’t miss out on the chance to acquire this substantial portfolio at a discounted rate, securing multiple income-generating properties in one strategic investment.
Act swiftly to explore this exceptional opportunity, expand your investment portfolio, and unlock the long-term growth and profitability potential it offers.
For further information or to schedule a viewing, please contact us promptly. Opportunities like these are rare, so seize the moment to secure this remarkable investment package.
