Incredible opportunity to purchase the Kayla Rae! This well maintained two building, 13 unit apartment complex, is in fantastic condition. Units are clean with newer carpets, paint, and vinyl windows. Great tenants and always rented; all 13 apartments are currently occupied. Rent is currently less than market value and stable cap rate is approximately 5.4%. Apartments are all metered separately and there is a potential for more density. Coin operated laundry on-site. Pre-inspection conducted and report available upon request. Located in the heart of Key Center and close to shopping, retail, and restaurants. Wonderful addition to anyone's investment portfolio and/or real estate holdings!
Current Location
