CMS

Listing Tools

NINE UNIT APARTMENT BUILDING WITH OFF-STREET PARKING LOT. This nine-unit multifamily property presents a strong opportunity for an investor seeking immediate rental income, substantial completed improvements and clear value-add potential. The building consists of seven one-bedroom apartments and two two-bedroom apartments, with five units currently occupied, including a long-term tenant in Unit 6. Most of the apartments have been fully renovated, while Units 7 and 8 are partially completed-already gutted and painted and primarily needing flooring, kitchens and bathrooms-allowing the next owner to finish the remaining work, lease the vacant units and significantly increase the property's gross income. Approximately $70,000 has already been invested into the property, including extensive interior renovations, new water heaters throughout and a complete renovation of the common areas with new flooring, fresh paint, updated electrical outlets and refinished stairs. The building also offers separate electric meters and laundry rough-ins, creating additional operational and income potential. Also included in the sale is the private parking lot directly across the street, providing dedicated off-street parking for tenants and possible future development potential, subject to local approvals. With existing income, the majority of the renovations already completed, multiple vacant units positioned for completion and lease-up, and an additional parcel included, this property offers several ways for an investor to increase revenue and build long-term value.

Property Details of 12 1/2 S Waverly Terrace

Property Details

Utilities and Appliances

Other Details

Map Location

Driving Directions

Courtesy of Mountainside Home Realty

Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Jesse Shimrock participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated August 25, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to be contacted by Jesse Shimrock via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.