Welcome to 4929-35 University Avenue NE—a vibrant investment opportunity featuring two
buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have
been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant
satisfaction.
Each building is unit with wall air conditioning units and a new boiler in the 4935 building,
ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot,
including parking space for each unit. The complex is secured with a modern security system,
providing peace of mind for both tenants and owners.
With market rents ranging from $950 to $1000 per unit, this multifamily property is a prime
candidate for investors seeking steady income in a thriving area. The units feature refrigerators,
ranges, and a dishwasher, combining functionality with comfort. Don't miss out on this
promising opportunity in a dynamic neighborhood, offering excellent potential for growth and
stable returns.
Listing courtesy of Jaclyn A Gavzy, Compass
