Description
Stable, high-occupancy asset features six well-maintained units consisting of one efficiency, four one-bedroom apartments, and one large two-bedroom apartment. Backed by a strong track record of consistent, long-term tenancy, the property offers a highly efficient operation with exceptionally low turnover friction, typically requiring only routine painting or light flooring updates between residents. The asset has benefited from an institutional approach to capital expenditure and preventative maintenance. Mechanically, the building features six individual tenant-paid gas meters and dedicated furnaces installed in 2012, alongside individual gas stoves in each unit. A unique seven-meter setup is utilized, dedicating the final meter exclusively to the owner's central hot water tank for accurate utility tracking. Modern structural and amenity upgrades include custom steps and a deck built for units 1 and 2 in 2020, a hardwired commercial security camera system installed in 2022, and a comprehensive 2025 renovation of unit 7 which features a new exterior deck, new luxury flooring, and a completely remodeled bathroom. This turnkey asset stands out as an exceptional addition to any real estate portfolio, combining modern infrastructure with low-overhead operations.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
Description
Stable, high-occupancy asset features six well-maintained units consisting of one efficiency, four one-bedroom apartments, and one large two-bedroom apartment. Backed by a strong track record of consistent, long-term tenancy, the property offers a highly efficient operation with exceptionally low turnover friction, typically requiring only routine painting or light flooring updates between residents. The asset has benefited from an institutional approach to capital expenditure and preventative maintenance. Mechanically, the building features six individual tenant-paid gas meters and dedicated furnaces installed in 2012, alongside individual gas stoves in each unit. A unique seven-meter setup is utilized, dedicating the final meter exclusively to the owner's central hot water tank for accurate utility tracking. Modern structural and amenity upgrades include custom steps and a deck built for units 1 and 2 in 2020, a hardwired commercial security camera system installed in 2022, and a comprehensive 2025 renovation of unit 7 which features a new exterior deck, new luxury flooring, and a completely remodeled bathroom. This turnkey asset stands out as an exceptional addition to any real estate portfolio, combining modern infrastructure with low-overhead operations.