This multifamily property presents a strong opportunity for investors looking to renovate, build equity, and generate long-term cash flow. The property will require a full renovation, including mechanicals, interiors, and exterior work. Once completed, the property has the potential to generate approximately $2,800-$3,200+ in monthly rental income based on market rents, putting it near or above the 1% rule. This makes it a strong candidate for a BRRRR strategy—renovate, rent, refinance, and hold—while building equity and creating potential cash flow.
Listing courtesy of Listing Agent: Dominic Row (dominicrow@danberry.com) from Listing Office: The Danberry Co.