Catylist ID: #30847747
Multi-Family for Sale
|Catylist Listing ID:||30847747|
|Number of Units:||31 Units|
|Building Size (RSF):||25,398 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||3.75 Acres|
|Unit Price:||$88,709.68 Per Unit|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Introducing Manchester 242 Apartments, proudly brought to you by SVN | Wood
Properties. This property, originally constructed from 1985 to 1989, comprises a diverse mix of units. Among them are 24 townhouses featuring 2 bedrooms and 1.5 bathrooms, along with 4 units offering 1 bedroom and 1.5 bathrooms, and 3 units featuring 1 bedroom and 1 bathroom. In total, there are 31 units.
This investment opportunity offers immense value-add potential for new ownership. Building upon the proven success of previous renovations, the property presents the chance to implement an efficient utility bill back system, including sub-metering for water consumption. Furthermore, connecting to the county sewer system will reduce expenses, allowing for additional revenue generation. Moreover, the current acreage provides an enticing prospect for the construction of additional units.
With Manchester 242 Apartments, you can seize the opportunity to enhance the property, maximize returns, and unlock its full potential for sustainable growth.
|Total Number of Buildings:||5|
|Proximity:||1 mile||3 miles||5 miles|
Jon RoosenSVN l Wood Properties
Kevin TiptonSVN I Wood Properties
Cohl MorganSVN I Wood Properties ETNRCRE Member
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