Rare 6 unit apartment building for sale on a highly desirable and densely populated street. Holton-Wise investors have already acquired the majority of the other buildings on the street that is heavily controlled by Holton-Wise.

Over the last two years we have been monopolizing this area and raising the rents. Many of the previous owners were long time landlords in their 70's who were renting out units for much lower than market value. On top of that we have been able to INCREASE the market value of the units on this street as we have such a large share of the market.

1 Bedroom units that were renting for $475 two years ago are now being rented for $515-$550.

2 Bedroom units that were renting for $550 two years ago are now being rented for $650.

We plan on continuing this trend as we acquire the reaming buildings on the street. We expect to increase the market rate of 1 Bedroom units on this street up to $600 over the next 24 months.

Now is YOUR OPPORTUNITY to join us as "A rising tide raises all ships."

Current Rents
Unit 1 $375-Studio
Unit 2 $465-1 Bed
Unit 3 $475-1 Bed
Unit 4 $475- 1 Bed
Unit 5 $475- 1 Bed
Unit 6 Vacant- Rent Ready-1 Bed

Projected Rents
Unit 1 $395-Studio
Unit 2 $550-1 Bed
Unit 3 $550-1 Bed
Unit 4 $550- 1 Bed
Unit 5 $550- 1 Bed
Unit 6 $550- 1 Bed

Building Features
New hallway carpet-2015
Vinyl windows installed in every unit over the last 10 years
All new tuck pointing done in the last 10 years
Roof redone 10 years ago and touched up in the last 90 days

P.S.

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