Exceptional 40-unit apartment complex spanning 5 well-maintained buildings on 7.65 acres, offering both strong current income and future growth potential. All units are spacious 2-bed/1-bath with many updates, new windows, and steady occupancy. Annual gross rents approach $400,000, and the recent appraisal of $2,480,000 underscores the value at this price. Amenities include coin-operated laundry, tenant storage in the basement, and an on-site office. Ample land provides an opportunity for expansion or additional units, making this a prime value-add investment with immediate income and long-term upside.