Scarritt Apartments

Attention investors! The Scarritt Ave Apartments in the Historic Northeast is a nice value add opportunity at a good price. This 6-unit property, currently at 50% occupancy, is a blank canvas for those looking to make immediate cosmetic renovations. With a rear parking lot and submetered utilities (except water), it’s poised for efficiency and profitability. The location offers tenants unbeatable city accessibility, making this an ideal project for savvy investors. Don’t miss out on this opportunity. 

Why We Love It: It is a great location and the perfect project for the right investor. You can keep the units as is or renovate for higher rents. The current tenants that are there are good, just add 3 more and you’ll have a solid cash flowing investment.  

The Challenge: 50% occupancy but allows a new owner to hit the ground running on renovations.

The Value Add Play: Cosmetic renovations are needed throughout. Some units have beautiful hardwood flooring and can be turned into really charming units!