SOLD: 534 E Division St, Arlington

PARK TERRACE APARTMENTS 

 

7 Unit Apartment offered at $665,000.

Start collecting income today! Clean, Professionally Managed, Longterm Tenants, Stable Location. Very well maintained apartment in desirable location in Arlington.

This 7 unit apartment is located next to Terrace Park, is within walking distance of public transportation and downtown, and still quiet and private location for long term tenants. 2014-11-05 13.43.59

Location offers 10 paved parking stalls on site, a coin-operated laundry, and additional storage for each unit. Property is well run, maintained and easy to operate.

Offered at 6.7% CAP & 9.9% GRM, based on 2014 actuals.  Easily increase returns. 4 leases are month-to-month ranging from $750-$775/month. Longer leases are $850/month, market supports $850-$900/month.

Looking for more information on Park Terrace Apartments or a similar investment?

Contact Jen at (206) 293-1005 or send an email to: Jen@HudsonCREG.com.

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