Description
Milcrest Commons - 16-unit MFH investment opportunity in Marysville. Built in 2001, all 16 units are ~975 SF, 2BD/2BA, and offer in-unit washer/dryer and dedicated parking (2 spots/unit). 14 of the 16 units are leased, with in-place rent averaging ~$1440/month + utilities. Recently updated units are leased at $1650-$1700/mo. The +/- 1.66-acre parcel recently received full entitlement approval for additional development of a 10-unit single-family attached building & 19 parking spaces on the rear of the parcel. Parcel is located in a Qualified Opportunity Zone. Great proximity to Honda Marysville, ScottsMiracle-Gro HQ, Memorial Hospital, and Uptown Marysville.
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0BEDS
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1.65ACRES
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0BATHS
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01/2 BATHS
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15,500SQFT
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$177$/SQFT
Description
Milcrest Commons - 16-unit MFH investment opportunity in Marysville. Built in 2001, all 16 units are ~975 SF, 2BD/2BA, and offer in-unit washer/dryer and dedicated parking (2 spots/unit). 14 of the 16 units are leased, with in-place rent averaging ~$1440/month + utilities. Recently updated units are leased at $1650-$1700/mo. The +/- 1.66-acre parcel recently received full entitlement approval for additional development of a 10-unit single-family attached building & 19 parking spaces on the rear of the parcel. Parcel is located in a Qualified Opportunity Zone. Great proximity to Honda Marysville, ScottsMiracle-Gro HQ, Memorial Hospital, and Uptown Marysville.
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