Description

This fully leased, 17-suite property has been recently renovated and is 100% occupied, presenting a strong investment in an Opportunity Zone. Historical cap rates were 6.63% (2022), 6.25% (2023), 5.48% (2025), and 5.25% for the trailing 12 months, with a projected 10.30% cap rate when adjusted for 8% management and real estate taxes. The building is ideal for Section 8 tenants and benefits from a prime location near new development, shopping, and public transportation within walking distance.