231 Forest Green Drive

Four-unit investment opportunity within the same established complex, with immediate cash flow and clear upside. This small multifamily portfolio consists of four separate residences generating $82,560 in current annual gross income, with room to grow as rents continue to move toward market. A 10 pct.

rent increase drives NOI to approximately $53,800, resulting in a ~6.9 pct. cap rate at the current asking price — with additional upside through continued rent normalization.

The asset is professionally managed with conservative underwriting assumptions: 8 pct. management, realistic vacancy, modest repairs, and assumed taxes and insurance. Operations are straightforward and predictable, making this an efficient hold without the complexity of larger multifamily or scattered-site management.

This portfolio is particularly well-suited for a 1031 exchange buyer seeking a clean replacement property with dependable income, manageable scale, and a clear path to improved returns. Stable day-one performance, upside over time, and the kind of certainty exchange buyers prioritize. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.