Turnkey 17-Unit Multifamily Investment | Fully Occupied | Renovated | Ideal for 1031 Exchange
Rare opportunity to acquire a fully stabilized 17-unit multifamily asset consisting of four buildings. The property is 100% occupied and producing consistent rental income, making it an excellent option for investors seeking a stable, income-producing property or a potential replacement asset for a 1031 exchange.
With extensive renovations already completed and professional management in place, this property offers a low-maintenance investment with immediate cash flow and long-term hold potential.
Property Highlights
Unit Mix
(8) Two-Bedroom Units
(8) One-Bedroom Units
(1) Four-Bedroom Single-Family Home
Stabilized Income
All units are fully leased with strong occupancy, providing dependable rental income from day one.
Major Capital Improvements Completed
Extensive upgrades throughout the property include:
New metal roofs on all buildings with a 30-year warranty
Modernized interiors with LED recessed lighting, waterproof laminate flooring, updated trim, and redesigned kitchens
Updated kitchens featuring premium cabinetry, countertops, and select stainless-steel appliances
New septic system installed
Improved landscaping and paved parking lot
Investor Advantages
Lead-free certification
Professionally managed for a smooth ownership transition
Significant capital improvements already completed
Located in the county with no city taxes
Positioned in a quiet county setting with convenient access to regional amenities and commuter routes, the property continues to support strong tenant demand and long-term occupancy.
This fully occupied, stabilized multifamily asset is well-suited for investors seeking reliable income, portfolio growth, or a potential 1031 exchange replacement property.
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Listing Snapshot
Price
$2,890,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
9,859 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
2.72 Acres
Year Built
1973
MLS® Number
MDWA2034974
Status
Active
Property Tax
$7,801
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
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