Property Overview

Interra Realty is pleased to present for sale the property located at 423 E. 76th St. The subject investment property is an 8 unit, walk-up style, multifamily asset in the historic Grand Crossing neighborhood.

The property offers an attractive unit mix of one and two bedroom apartments. The property features newer porches, recently completed tuckpointing and several units which have recently received cosmetic upgrades to kitchens, bathrooms and flooring.

The opportunity presents a buyer with the option to contunie the renovation 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

  • Desirable Unit Mix: 1 & 2 Bedroom layouts
  • Value add component through continued renovation and
    modernization of units; Potential addition of bedrooms
  • Newer Porches, Recent Masonry
  • Attractive Price Per Unit Entry Point

Key Details

Sale Price
$525,000
Number of Units
Eight (8)
Submarket
Grand Crossing