1400 Clingman Street

Ideal for investors seeking stable cash flow with strong upside potential - 6-Unit Apartment Complex For those looking to expand their portfolio, this property offers both stability and growth potential: Property Breakdown • (5) Units - 3 Bedrooms / 2 Bathrooms • (1) Unit - 2 Bedrooms / 1 Bathroom with Private Garage Spacious floor plans • Current Rents: Existing rents are intentionally below market due to owner preference. All units will convert to month-to-month at transfer, providing immediate flexibility for the new owner to reposition rents. • Current Gross Income (2 Vacant Units): Approximately $79,200/year, offering clear upside. • Market Rent Potential: Comparable properties in the area support $1,150-$1,450 per month per unit, translating to a pro forma gross income of $82,800-$104,400 annually. • Value-Add Opportunity: With light cosmetic updates and rent adjustments to market levels, investors can expect an additional $3,600-$25,200 in annual income, significantly improving cash flow and overall return. Message me for rent roll, financials, or to schedule a walk-through.