The property features one studio unit (non-conforming), two 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit. All of the units were remodeled about 5 years ago with hard surface flooring, updated kitchens, fresh paint and fixtures throughout. The property has been meticulously cared for by the current owner and has mature landscaping. Tenant in unit B will be vacating in mid May, making this an ideal opportunity for an owner-user. As an investment, the property has a current 5.7% CAP rate which can be improved by increasing current rents and charging for storage. This is a rare opportunity to own a clean and stabilized property in the heart of Georgetown.
Current Location
