982 S Sheridan Blvd

Highlighted features of this property include a comprehensive renovation, ensuring a modern and attractive living experience for tenants. The upgrades encompass a new roof, windows, unit interiors, appliances, and exterior paint, providing a turnkey solution that minimizes immediate capital expenditures for prospective investors.

The property boasts a collection of spacious and well-appointed 2-bedroom, 1-bathroom units that consistently achieve robust rental rates. These large units cater to the demand for comfortable and accommodating living spaces, attracting quality tenants and bolstering the property’s income potential.

This investment opportunity presents an appealing in-place cap rate, offering a rare opportunity to secure a favorable yield in the prevailing interest rate climate. The stability and potential for growth make this property an attractive addition to any commercial real estate portfolio.

Situated on a sizable lot, the property offers an abundance of tenant parking, along with additional amenities such as a dedicated storage area, dog run, and on-site laundry facilities.

Located on a large 27,460 SF lot with approximately a 7,000 SF fenced off section located on the East Side. This storage lot can be monetized through potential storage sheds, RV storage, etc boosting the NOI significantly.