2317 E Westmoreland St

Highlights:

• Days on Market: 2
• Heating: Central

Description:

Rarely offered, fully renovated 4-unit mixed-use property with long-term residential and commercial tenants. This property boasts modern amenities with high-quality finishes throughout! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income.
Key Investment Highlights:
Strong 7.87% Cap Rate – High-yield, income-producing asset
Tax Abatement – 1 Years Remaining
100% Occupancy with Cash Flow – Long-term residential & commercial tenants
Turnkey Condition – Low-maintenance, modern construction
High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs
Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances
Fire & Safety Compliance – Fire alarm monitoring & annual system maintenance
Transferrable Roof Warranty – Added long-term value
This prime investment property offers a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange and portfolio investors! Location Perks: Close to public transportation, restaurants, retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown.
Don't miss this highly desirable, fully occupied asset
The property generates an annual rent of $80,800 and is separately metered for electricity. This property offers a lot, including streamlined rental payments, secure waste management, and maintenance services. Don't miss out on this income-generating gem!

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Listing ID: 804562631046