Property Overview

Interra Realty has been exclusively engaged to bring to market 3527 S Damen Ave, a seven (7) unit multifamily property in McKinley Park. This property recently completed a full gut renovation of the entire property including new electric service, plumbing, flooring, windows, roof, back steel porch, and more.

All of the residential units are extremely high end and offer tenants high end quartz countertop kitchens and bathrooms with well designed finishes throughout. All units feature central HVAC, dishwashers, nest thermostats, intercom systems, individual hot water tanks and in-unit washer and dryer. The unit mix is comprised of one (1) one
bedroom, one bath unit, three (3) two bedroom, one bath units and three (3) two bedroom, two bath units. There are
three (3) surface parking spaces in the rear and all units are 100% leased.

The building is 100% leased and offers investors an extremely high end asset in an appreciating market.

Highlights

  • New Gut Rehabbed Seven Unit Multifamily Asset in McKinley Park
  • High End Renovations with Quartz Countertops in Kitchen and Bathrooms
  • 100% Leased
  • Central HVAC, Individual HW Tanks and In-Unit Washer and Dryer
  • Three (3) Surface Parking Spaces
  • Solid Unit Mix of 1BR/1BA, 2BR/1BA and 2BR/2BA units
  • New Roof, Electric and Plumbing Throughout

Key Details

SALE PRICE
$1,499,000
NUMBER OF UNITS
Seven (7)
SUBMARKET
McKinley Park
NUMBER OF PARKING SPACES
Three (3) Outdoor Spaces
CAP RATE
7.0%