Excellent value-add multifamily investment opportunity in Clayton! This 7-unit apartment building features seven one-bedroom, one bath units and offers significant upside for an investor seeking to renovate, reposition, or lease at market rates. The property is being offered as a vacant real estate asset, providing the flexibility to establish new tenancy and operating strategy. Major exterior improvements include the roof, siding, and gutters, which were replaced approximately 2019-2020. Each apartment is equipped with an individually controlled PTAC heating and cooling unit with wall thermostat and a gas water heater. Electric and gas are separately metered to each apartment, while the building is served by a single water meter. Common amenities include a community laundry area with one coin-operated washer and dryer, an office with a separate restroom, hallway storage closet, additional multi-purpose management/community room, and an exterior-access supply/storage area with a small patio. The site offers approximately 13 parking spaces. An easement will be required for the shared driveway. A rare opportunity to acquire a vacant multifamily property with substantial value-add potential in a desirable location. Buyers are encouraged to perform their own due diligence regarding future use, operating expenses, and leasing potential.
Courtesy of Todd Duplain and Ascent Real Estate Advisors
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