Courtesy: Zachary Johnson - Acropolis Realty Group LLC
Welcome to Brighton Place Townhouses an exceptional investment opportunity to acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath townhome-style units. Each unit includes both front and rear entrances, a spacious living room with hardwood floors, and a full kitchen on the main level. Upstairs, you ll find two bedrooms and a full bathroom. Every unit also includes a private basement along with individual furnaces, water heaters, and separate gas and electric meters. Tenants are responsible for their own utilities, with the exception of water and sewer. The property offers ample parking for all residents, plus 14 garage bays. The complex benefits from stable occupancy, and over two-thirds of the rental income is guaranteed through subsidies. Significant upside exists in raising rents, and a fresh Certificate of Compliance has just been issued. Offered at $2.85M, this investment delivers a strong 10% cap rate.
S1608313
Residential Income - Other, 2 Story
38
1945
Onondaga
2.4773
Acres
Public Water
2
Wood Siding
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Arrows indicate 90 day trend
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