5854 S. Fairfield Ave.
Property Overview
Interra Realty has been exclusively engaged to market for sale 5854 S. Fairfield Ave. The subject property is a mixed use walk up property consists of fourteen (14) total units including three (3) ground floor retail spaces, eight (8) 1BD/1BA units, and three (3) 2BD/1BAunits.
Over the 20+ year course of current ownership, the property has been retrofitted with individually metered electrical heating systems, two (2) seventy-five gallon hot water tanks, and a tear off roof completed ten years ago. Apartments feature carpeting throughout and some updates to kitchens and baths.
5854 S. Fairfield Ave. presents a new investor with the opportunity to acquire an asset with value add potential and low expenses. Anew investor can realize greater returns by implementing a rental increase program through both the retail and residential units.
Highlights
- Long Term Ownership | 20+ Year Owner
- Diverse Unit Mix: (3) GF Retail, (8) 1BD/1BA , (3) 2BD/1BA
- Individually Metered Electric Heating System
- Under Market Rents | Value Add Potential
- Prime Location on Major Commercial Thoroughfare