20 unit apartment available in Frankston for sale. The tenant base has been stabilized with a 90% plus occupancy over the last year as most units have been remodeled with new HVAC systems in majority. There are 2 buildings with 10 apartments each with over 15,000 sq ft of total living space. Each unit is 2 bedroom/1 bath, with 10 upstairs and 10 downstairs. Apartment demand has been excellent as vacancies are filled quickly and there is currently a waiting list for the next available unit. Financials available upon request in this stabilized Class C apartment complex with an excellent cash flow. The current off site manager is available to continue her excellent management job if the new owner desires to keep her in this role. There is room for additional apartments, self storage units, etc.
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