Description
Exceptional West Town investment opportunity. Six spacious (1,600 sqft) condominium quality rental units with 6-car interior garage parking spaces, secure entry, and ground floor retail. Units feature open floor plans, wood flooring, high-end appliances and fixtures, soaring ceilings, outdoor balconies, floor to ceiling windows, and styl- ish modern architectural design. Two top floor penthouse units feature stunning city skyline views and spacious roof decks. Property generates $278,883 annual gross income. Location boasts strong demographics, with a 2023 one-mile population of 50,209, average annual household income of $130,268, walk score of 94 (Walker's Paradise) and Bike score of 97 (Biker's Paradise). Average apart- ment rent within 1-mile is $2.36 per square foot per month and vacancy rate is 3.7%. There are 538 multi-family properties within 1-mile for a total of 7,782 units, with 210 new units under construction, average cap rate is 5.9%.
Location
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Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 7th December, 2023 7:40 AM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 7th December, 2023 7:40 AM (UTC)
Listing Office: Twins Realty LLC
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