The 3CRE team is proud to present the Montgomery Road Portfolio - a 17 Unit investment portfolio opportunity. This portfolio consists of three properties all adjacent to one another. Two [4-Unit] Buildings, and One [9-Unit] building. The portfolio consists of all market rent tenants, and no subsidized tenants.5207 Montgomery Road is a 4-Unit building which consists of Four [4] 1 Bedroom | 1 Bathroom units. Tenants are responsible for Gas & Electric while the Landlord pays for Water|Sewer|Trash. The Roof was fully replaced in 2019, see Capital Improvements list in the package for more information. Each unit has undergone upgrades when turned, which typically include fresh paint and updates to cabinets and vanities as needed. Rents for these One Bedroom units are under market value and can be increased up to market rent.5210 Montgomery Road is a 9-Unit building which consists of Nine [9] Efficiency units. All utilities are paid for by the landlord on this building. This building has insulated vinyl windows, a boiler system that was installed in 2013 and is serviced yearly, and the Roof was replaced in 2019. Each unit has had upgrades done in both the Kitchens & Bathrooms. Some of those upgrades would include kitchen cabinets, flooring, countertops, bathtub reglazing, and bathroom vanities. There is a value add opportunity here to push Electric & Gas onto the tenants as each unit is separately metered and bump rents up to market. The basement has room to also add on-site laundry for tenants to use and provide additional income.5211 Montgomery Road is a 4-Unit building which consists of Four [4] 2 Bedroom | 1 Bathroom units. Tenants are responsible for Gas & Electric while the Landlord pays for Water|Sewer|Trash. Each unit has undergone upgrades when turned, which typically include fresh paint and updates to cabinets and vanities as needed. Rents for these Two Bedroom units are under market value and can be increased up to market rent.
