Here’s how you can structure your listing with the $375,000 asking price, highlighting the strong cash flow and 10.37% cap rate to attract investors: Fully Remodeled 4-Unit Multiplex with Strong Cash Flow This fully remodeled 4-unit apartment building is an exceptional investment opportunity, offering a 10.37% cap rate and a total monthly rental income of $4,030. With all units fully occupied, a major overhaul completed, and additional income from a coin-operated laundry, this property is turnkey and ready to generate significant returns. Property Details: Apartment 1 • 3 bedrooms, 1 bath • Rented for $1,200/month • Tenant pays electric Apartment 2 • 1 bedroom, 1 bath • Rented for $700/month • Tenant pays electric Apartment 3 • 1 bedroom, 1 bath • Rented for $1,080/month • Owner pays electric Apartment 4 • 2 bedrooms, 1 bath • Rented for $1,050/month • Tenant pays electric Key Features: • Total Annual Rental Income: $48,360. • Annual Expenses: Approximately $9,500 (water, trash, sewer, owner-paid electric, maintenance, insurance). • Net Operating Income (NOI): $38,860. • Cap Rate: 10.37%. Upgrades and Overhaul: • Interior: • All units feature granite countertops, luxury vinyl plank (LVP) flooring, and tile bathroom floors. • Brand-new appliances throughout for tenant satisfaction and ease of maintenance. • Building Updates: • Roof replaced 3 years ago, ensuring long-term durability. • Major overhaul of the entire building, including updated plumbing, electrical systems, and structural improvements. • Additional Income: • Coin-operated laundry in the basement for tenant convenience and extra revenue. Why This Property Stands Out: This property offers strong cash flow, low-maintenance upgrades, and is fully occupied, ensuring immediate returns. With separate electric meters for each unit and owner-provided water, trash, and sewer, it’s a highly desirable investment for any portfolio. At an asking price of $375,000, this property represents exceptional value with an attractive 10.37% cap rate. Selling as-is. Schedule a showing today to see this outstanding investment property!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
