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The Homecrest Apartments feature 12 townhouse-style apartments with private entrances (no common area expense) and separate utilities paid for by the tenants. Each contiguous apartment feature first floor kitchens with oak cabinets and white appliances and living rooms with carpet or tile. The second floor features two bedrooms with ample closet space and a full-tile bathroom. Each apartment includes its own private basement with HWT and washer/dryer hookups. The complex has more than enough off-street parking for tenants and guests. Current owner has owned nearly 25 years and offers a turn-key, full occupied apartment complex with below market rents allowing investors significant upside to raise rents to $900+ market rates - Both current and proforma incomes offer investors double-digit cash-on-cash returns!

Property Details of 7-29 Homecrest Avenue

Property Details

Interior Features

  • Description: The Homecrest Apartments feature 12 townhouse-style apartments with private entrances (no common area expense) and separate utilities paid for by the tenants. Each contiguous apartment feature first floor kitchens with oak cabinets and white appliances and living rooms with carpet or tile. The second floor features two bedrooms with ample closet space and a full-tile bathroom. Each apartment includes its own private basement with HWT and washer/dryer hookups. The complex has more than enough off-street parking for tenants and guests. Current owner has owned nearly 25 years and offers a turn-key, full occupied apartment complex with below market rents allowing investors significant upside to raise rents to $900+ market rates - Both current and proforma incomes offer investors double-digit cash-on-cash returns!
  • Waterfront: No

Exterior Features

Utilities and Appliances

Other Details

Map Location

Driving Directions

Listed by Matthew Pierce of Marcus & Millichap Real Estate Investment Services

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