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Summerwind Apartments

$ 1,740,000

9452 Fletcher Street,
,

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Property Id : 30378
Price: $ 1,740,000
Property Lot Size: 0.18 ac
Year Built: 1957
Units: 8
PID: 012-329-401
Assessed Value: $1,277,000
Zoning: R1-A
Cap Rate: 5.2
Exterior Material: Stucco
Structure Type: Wood
Floors No: 2

About this property

Summerwind Apartments offers investors an excellent opportunity to acquire an 8-unit building with consistent rental history. Situated on a 7,841 square foot corner lot in a highly desirable central location; close to local amenities, transportation and shopping. Built in 1957, this well-maintained building offers a significant 55% upside on rents with tenant turnover in an area experiencing record low vacancy rates. Complete with a newly constructed, tastefully built-out, 2-bedroom unit, that is ready for immediate rent-up. The property has been continually upgraded and maintained, ensuring long-term sustainability and minimizing overall deferred maintenance. This compelling investment is a solid choice for investors seeking strong returns and long-term growth.

Amenities and Features

Other Features
Central Location
Shared Laundry
Storage Lockers

Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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Chris Hayne