Introducing an incredible investment opportunity—12 fully occupied units spread across two adjacent 6-unit properties just south of Shaker Square offered at an attractive $55,000 per unit! These properties offer individual furnaces and hot water tanks for each unit, allowing tenants to cover their own electric and gas, while the owner only covers water and sewer. With some mechanical replacements and minor cosmetic updates already completed, a new owner can step in and take advantage of further cosmetic upgrades to boost rents significantly. With the option to transition to Section 8 housing, even higher returns can be achieved. Currently offering over an 8% in-place cap rate, this opportunity comes with upside potential, making it a fantastic addition to any real estate portfolio. Plus, in-suite laundry adds convenience for tenants, making these units even more desirable!

Based on information submitted to MLS Now as of October 12, 2024 8:26 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 3030 S Moreland Boulevard

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Don Petrasek

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Property Details of 3030 S Moreland Boulevard

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Water

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?