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Country Club West Townhomes

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Country Club West Townhomes consists of four quadplexes and one triplex. Built in the early 1990’s, this property boasts units with large functional floor plans that have been meticulously maintained. The four 4-unit buildings all have a one car garage and private patios for each of the units. The vast majority of the tenants in this portfolio are on month-to-month leases providing an investor with the opportunity to immediately raise rents to market rates and stabilize the asset at a low 6% cap rate. With all of the buildings situated within blocks from one another an investor can capitalize on economies of scale when operating these 19 units. Another ownership strategy is to bring the units up to condo quality standards in order to have the flexibility of bifurcating the portfolio and selling off individual units.

Country: United States
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