The Hansen Apartment Group is pleased to present the Arrawanna Street Apartments. The property is a twelve (12) unit apartment building consisting of three (3) buildings with four (4) units in each building. Each building is separately platted, providing an opportunity for an investor to obtain residential financing. The twelve (12) units consist of five (5) two-bedroom units, six (6) one-bedroom units, and a single studio apartment. All units have been well maintained and vacancy is typically low.
Each unit at Arrawanna Street Apartments is separately metered for gas and electric. Rents are currently below market, providing investors an opportunity to immediately increase NOI with new management. Management is currently not charging any RUBS, which would present another opportunity for an investor to increase Revenue.