Remarks

This fully renovated 53-unit apartment complex presents a rare, turnkey investment opportunity and future development potential. Spread across 10 well-maintained buildings, the property offers a mix of one-, two-, and three-bedroom units—each thoughtfully updated with brand-new carpet, fresh interior paint, and stainless steel appliances. The exterior has also been improved with updated facades and landscaping, creating a cohesive, attractive community that tenants are proud to call home. Each building includes its own community laundry room and storage units, generating additional monthly income and offering added convenience for residents. The property also includes a dedicated leasing office space and a garage unit for property storage and tools. For investor ease, each unit is separately metered for electricity, gas and water, minimizing overhead and simplifying utility management. This setup allows residents to manage their own usage while maximizing efficiency and profitability for ownership. An adjacent empty lot is also included, offering potential for future development, expanded amenities, or increased parking. Ideally located near key transit corridors, shopping, and employment centers, this property is well-positioned for long-term growth. With renovations complete and strong rental demand in place, this asset is an excellent fit for investors seeking a stable, low-maintenance multifamily portfolio addition.

Details

MLS#: 2557264
Price: $8,880,000

Style: Other
Year Built: 1986

County: Cass
Subdivision: Twin Oaks Gardens
Tax Fee: 30453