48 River Road is a 17-unit, one-bedroom apartment building located in Spryfield, near JL Ilsley High School, offering a solid investment opportunity with strong rental appeal. Seven units have been renovated, adding value and enhancing tenant interest, while ten of the units are on Fixed Term leases that permit scheduled annual rent increasesproviding reliable and predictable revenue potential. The upgrade of the remaining 10 units overtime, would add significantly to the net income and value of the building. Though the exterior of the building could benefit from cosmetic improvements, the interior upgrades and lease structure present a compelling option for investors seeking steady income and long-term growth in a well-situated rental market. Two upgraded furnaces installed within the last year. (id:51532)
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