Boasting potential rental upside of 48% +/-, this is a terrific opportunity for both new or seasoned apartment investors. Built in 1957, 4125 Palmyra Road sits on an large 15,599 square foot lot and has 15,790 in rentable square feet. The building has also recently finished it’s soft-story retrofit compliance work. The plumbing was upgraded to copper piping in 2012, and the two boilers were replaced in 2015 and 2017. The building was also recently repainted. Each unit is also individually metered for gas and electricity. There are also 12 on site, secured parking spaces for tenants and the building also provides on-site laundry facilities. A few of the units have been rehabbed as they turn over, and may include new tiling and vanities in bathrooms, modern kitchen cabinetry, and attractive vaulted ceilings. In today's competitive rental market, 4125 Palmyra Road is a rare find for both investors and tenants alike.
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Listing Courtesy ofKeller Williams Beach Cities