800-808 W Concord Street

Description:

This multifamily investment consists of three buildings with five existing units and a cleared, buildable lot offering immediate value-add potential. The property provides stable in-place cash flow with a mix of government-backed HUD-VASH tenants and market-rate tenants, creating durable income with reduced collection risk.

All units are individually metered for water and electricity, with tenants responsible for their own utilities. Plumbing and electrical systems were updated between 2011–2012, and multiple roofs and mechanical systems have been replaced over time. Select units have been renovated, including a full remodel completed in 2025.

The asset includes plans to add a sixth unit (to be built beneath an existing second-floor apartment), offering clear upside through increased density and rental income. Several tenants have long-term tenancy histories, contributing to operational stability.

This offering is well-suited for investors seeking steady cash flow, government-supported income, and near-term expansion potential in a single acquisition.

Creative Village is an Innovation District designed to facilitate collaboration and productivity while retaining, attracting and growing talent. It is a true “live, learn, work, play” neighborhood, anchored by education and providing a variety of housing types, parks and open space, access to public education and smart city initiatives. When complete, it will be one of the largest transit-oriented developments in the Southeastern United States.

---

Report Listing This listing was syndicated through: