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This 14-unit mixed-use property delivers strong, predictable cash flow through a proven modern co-living model. The asset includes a NNN-leased restaurant, one full studio apartment, and 12 furnished rooms (beds, smart TVs, and refrigerators).The property has been fully renovated, including new electrical and plumbing systems, siding and windows, four new HVAC systems, sprinkler and fire alarm systems, flooring, lighting, carpentry, and insulation. Annual gross revenue exceeds $200k with actual operating expenses of approximately $55k for self-managed operator. Plus Coin-Op laundry income and other value-add still remains. The property was redesigned and branded to attract higher-quality residents, offering free internet and cable, heating and A/C, parking, and professionally maintained common areas, resulting in lower turnover. Ownership says key is in rigorous tenant screening, thus a required three months paid upfront reduces vacancy and risk. Seller willing to remain as consultant
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Listing provided by Nilton Lisboa, Lisboa Realty
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