North White Ave Apartments

This 24-unit property presents a prime value-add opportunity with solid bones, a new roof, and all new windows. Currently 100% vacant this project has loads of potential. This building was occupied as recently as 6 months ago.

With your vision, this project holds the promise of significant returns, leveraging its advantageous location and inherent value to transform it into a thriving asset. Studio units that are perfect for voucher or affordable housing or rehab nicer and go market rate!

Why We Love It: Major equity capture and cash flow potential with the rehab of this building. Already has parking and can add laundry in the basement. The city shows this is actually permitted for 27 units.

The Challenge:  Serious construction project! We have a quote to put it all back together for 225k.

The Value Add Play: Cosmetically update all of the units and achieve the Fair Market Rent (FMR) of $985/mo. A laundry facility can also be built in the basement for additional income.