Have For Sale

Property Description

8 units
Individually metered
Upside potential
On-site parking
CAP Rate-11%

Located in a quiet neighborhood, Cherokee Apartments represents an opportunity for a new owner to add value and create a strong return. The property is in good condition with a minimal amount of work needed. Local ownership and/or management could easily increase occupancy and rents to market and achieve a potential gross rental income of approximately $42,240 annually.