Property Overview
Interra Realty is pleased to present for sale the property located at 414 E. 76th St. The subject investment property is a 10 unit, walk-up style, multifamily asset in the historic Grand Crossing neighborhood. The property offers an desirable unit mix of one, two, and three bedroom apartments.
The opportunity presents a buyer with the option to conduct cosmetic renovations in order to achieve higher rental rates in line with other updated units at the property and within the submarket. A new investor has the opportunity to acquire a fully occupied, recently improved property with an further upside remaining in the rent roll.
Highlights
- Highly desirable unit mix of one, two and three
bedroom units - Attractive entry price point; Newer Boiler
- Value add opportunity through capturing market
rents. Average Rent of $973 - First Time For Sale in 15 years
Key Details
Sale Price
$680,000
Number of Units
Ten (10)
Submarket
Grand Crossing