Investment Overview

2012 SW 24th Street is a totally renovated building located in a very desirable Shenandoah neighborhood next door to Silver Bluff Park. The property offers an investor the opportunity to acquire a completely updated building with the opportunity to add value by increasing the rental income to market levels. The current rents are about $650 below market rents for similar buildings. The building is a 24-unit, three story residential building with all two-bedroom & one-bathroom units with about 682 SF. The property has impact windows, central air-conditioning & heat, updated electric, lighting, signage, interiors, fire sprinklers etc. The building has a T3-R zoning and is situated on a .18 acre lot. The tenants are responsible for electric and the owner pays for water, sewer and trash removal.