Two-storey walk-up with two units mid-renovation
Predominantly one-bedroom rental building on a fifth-acre lot, held by a long-term owner and offered off-market. Most units are occupied and two are being renovated, so the return case rests on finishing those and marking the rest to market as leases roll.
A 1970s two-storey concrete walk-up under single ownership, offered privately. Occupancy is high, in-place rents sit meaningfully below what comparable renovated units achieve in the submarket, and two units are currently being taken to a renovated standard — new flooring, vanity and appliances.
The return case is straightforward and does not depend on a repositioning: finish the two units in progress, then mark the balance to market as leases turn. Physical condition is average for the vintage and the building is concrete rather than frame.
Verified buyers receive the address, the full unit-by-unit rent roll, the operating expense schedule, and our own reconciliation of the seller’s income figures — which we would encourage you to read before underwriting the headline yield.
Likely to suit
- Value-add
- Core-plus
Brought to market August 2026.
Why isn't the address here?
Because the owner asked us to keep it private — that is usually the reason a property comes to us instead of going to market. Verified buyers get everything.
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