Property Description

Destination Properties Presents a rare turnkey multifamily opportunity delivering immediate income stability, strong cash flow, and meaningful upside potential all in one highly desirable package. This well maintained property features two spacious 2 bedroom, 1 bath apartments, both currently occupied with tenants paying market rate rents, providing immediate income from day one while still offering room for future rental growth. Both units feature durable hardwood and luxury vinyl flooring throughout, creating an attractive, low maintenance living environment. The first floor apartment offers a desirable butler's pantry off the kitchen, a covered front porch, and a wheelchair accessible ramp, enhancing both functionality and accessibility. The second floor apartment enjoys a private covered rear porch, providing additional outdoor living space and tenant appeal. Each unit benefits from separate private entrances, allowing for enhanced privacy and independent living. The property also offers ample off street parking and usable outdoor space, features that continue to drive tenant demand and long term desirability. Major mechanical systems have been updated, including newer furnaces and water heaters, helping reduce future capital expenditures and providing peace of mind for the next owner. The property has been consistently and professionally maintained through ongoing property management, ensuring it remains in strong operational condition. Destination Properties offers a seamless opportunity for investors seeking a hands-off acquisition-property management can be continued post-closing, with terms available upon discussion. A well positioned investment delivering day-one performance with strong long-term growth potential, making it an exceptional addition to any portfolio or an ideal opportunity for those looking to establish a foothold in multifamily real estate. As an added opportunity, the neighboring property at 177 Alameda St is also available for purchase. Properties may be acquired individually or as a package, presenting a chance to scale an existing portfolio, increase unit count, and capitalize on operational efficiencies through adjacent ownership.

Property Features

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