Exceptional Investment Opportunity: Well-Maintained 8-Unit Multifamily Property with Value-Add Potential

Welcome to your next lucrative investment! This meticulously maintained 8-unit multifamily property offers the perfect blend of stability and growth potential. Nestled in Oroville WA, this property promises not only consistent rental income but also significant upside through value-add opportunities.

Key Features:

1. Prime Location: Situated in a highly desirable neighborhood, this property is close to schools, shopping centers, public transportation, and major highways, ensuring high tenant demand and low vacancy rates.
2. Well-Maintained: The property boasts a history of careful maintenance, ensuring that all major systems (roof, HVAC, plumbing, electrical) are in good condition. Recent updates include new flooring, addition of dishwasher and above stove microwave in 5 of the 8 units, and refreshed common areas, providing a clean and comfortable living environment for tenants.
3. Unit Mix: The building comprises 8 spacious units, each with a unique layout to cater to diverse tenant needs. Each unit is equipped with modern amenities, ample natural light, and efficient floor plans that maximize living space.
4. Value-Add Potential: For the savvy investor, there are numerous opportunities to enhance value. Options include cosmetic upgrades to increase rental rates, the addition of in-unit laundry for convenience, or implementing energy-efficient appliances to reduce operating costs.
5. Strong Rental Market: Current rental rates are competitive, and there is room to increase rents as leases renew, maximizing return on investment.
6. Turnkey Investment: This property is fully occupied with stable, long-term tenants. Transitioning to new ownership will be seamless, providing immediate cash flow from day one.

Financial Highlights:

• Current Gross Rent: $75,240 annually
• Projected Gross Rent: $84,000 annually
• Cap Rate: 7.6%

Don't Miss Out! This multifamily gem is a rare find in today's market, offering a unique opportunity to invest in a property that combines immediate income stability with significant future growth. Perfect for both seasoned investors and those looking to make their first multifamily investment.