Built in 1952, The Way West Apartments offers a high cash flowing opportunity for any existing building investor, multifamily / hospitality developer, or nonprofit organization. The property has an attractive 6.40% Cap Rate based on its current operations. All but two of the units received brand new windows, flooring, lighting, fixtures, and paint. The seller replaced the roof and the boiler in the last three years. You have a mix of (8) Studios, (13) One-bedroom units, (1) Two-bedroom unit, and (1) Commercial space all fully leased with long term tenants. This property offers an exit strategy through development. It is sitting on a 19,933 square foot lot zoned NC3P-75 (M).