508 W Brighton Ave

Description

Stable 38 unit with upside in rents

Marketing description
Welcome to Brighton Place Townhouses — an exceptional investment opportunity to

acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath townhome-style units. Each unit includes both front and rear entrances, a spacious living room with hardwood floors, and a full kitchen on the main level. Upstairs, you’ll find two bedrooms and a full bathroom.

Every unit also includes a private basement along with individual furnaces, water heaters, and separate gas and electric meters. Tenants are responsible for their own utilities, with the exception of water and sewer. The property offers ample parking for all residents, plus 14 garage bays.

The complex benefits from stable occupancy, and over two-thirds of the rental income is guaranteed through subsidies. Significant upside potential exists in raising rents, and a fresh Certificate of Compliance has just been issued.