Rev Plat Nile Gardens Sec

Highlights:

• Lot Features: 1 To Less Than 2 Acre Lot
• Documents Available: Financial Statement, Investment Analysis, Copy Of Lease(S), Rent Rolls, Existing Survey
• Architectural Style: Other
• Cooling: Central Air
• Heating: Central
• Flooring: Other
• Construction Materials: Concrete Block Construction

Description:

A rare opportunity to acquire a well-positioned, income-producing multifamily asset in a high-demand submarket. This 72- unit garden-style apartment complex spans approximately 66,975 rentable square feet across a 1.84-acre lot, zoned R-3 for multifamily residential use. Constructed in 1972, the property consists of a mix of one-, two-, and three-bedroom units with significant in-place cash flow and demonstrated rental upside.
Strategically situated near major economic drivers—including the Amazon Mega Warehouse—The current rent roll generates $133,838 in monthly income, with pro format market rents reaching $152,518, and potential Section 8-supported rents as high as $159,446 per month.