Description
Welcome to 5020 Griscom Street " A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageable"estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenants"delivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machine"an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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2,704SQFT
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$78$/SQFT
Description
Welcome to 5020 Griscom Street " A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageable"estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenants"delivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machine"an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!
©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-12-06T20:52:17.473.