Clapp Park Apartments

Listing was updated at: 06/04/2019
Property Overview
Price/Rent PSF $ 430,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 6,537
Date Available 04/17/2019
Spaces Show
Additional URL Link
Floors 1
Additional parameters Show
Search Demographic Data Explore financing options



Clapp Park Apartments is located on Avenue S between 34th and 50th St.

Clapp Park Apartments is an 11 unit one-story property that would be ideal for a local owner expanding their portfolio or as a first time multifamily investment opportunity. Current owners have transitioned tenants to RUBS where they're paying their portion of the utilities now. They've also updated 7 of the units so far. Some of the updates include: counters, flooring, paint, shower kits, and doors. The new owner could continue updating the units as they become available, raise rents, and continue to switch the remaining tenants to RUBS.