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Unkwn Floor - Unit 5
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Flex
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1,560 SF
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$1,250,000 USD
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Unit Size: 1,560 SF
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Condo Use: Flex
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Price: $1,250,000 USD
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Sale Type: Investment
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Price/SF: $801.28 USD
Description
3-bedroom, 2.5-bath floor plan with a one-car garage, a layout that has proven highly desirable among tenants. Large entry with staircase to opening to large living room. Eat up bar area open to living room, Kitchen has ample cabinets with Refrigerator, Stove, Dishwasher and Microwave. Rear back patio with small partition fences for privacy.
Sale Notes
This offering consists of the first building within the condominium complex, comprising five (5) well-maintained units labeled A–E. The property presents an excellent opportunity for an investor to retain the building as a single income-producing asset or, alternatively, sell units individually in the future, providing built-in exit flexibility. Each unit features a 3-bedroom, 2.5-bath floor plan with a one-car garage, a layout that has proven highly desirable among tenants. The units have a strong rental history, with current rents averaging approximately $1,400 per month, and market conditions support potential increases to $1,500 per month or more, offering immediate and long-term upside. Monthly condominium assessments for taxes and insurance will commence upon sale. In addition, the seller owns fifteen (13) additional units within the development and may consider selling additional units to an interested buyer, creating a rare opportunity to scale within the same community. This offering is well-suited for investors seeking stable cash flow, future appreciation, and optional condo sell-off potential.
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Kim Smallwood
The Herndon Company