Here is a rare opportunity to acquire a fully occupied 9-unit multifamily property producing strong cash flow from Day 1 — with additional upside through below-market rents.
The property is currently generating $7,200 per month / $86,400 annually and is being offered at $780,000, producing an approximate 9.6% cap rate based on the current numbers.
And that's BEFORE capturing the rent upside.
All 9 units are 2-bedroom / 1-bathroom units, and current rents are reportedly well below market, giving the next owner an opportunity to increase NOI and potentially create substantial additional value over time.
The property is already fully occupied, income-producing and in excellent condition. The value-add opportunity comes primarily from bringing rents closer to market as leases turn over or where legally and contractually permitted.
That gives an investor the opportunity to acquire a stabilized asset at an already attractive yield while potentially increasing NOI and property value through future rent growth.
