Check out this beautifully remodeled 4plex in smoking hot area! $100 million+ in infrastructure redevelopment in adjacent area and more coming. Less than 10 min to downtown, Plaza, Westport, and Crossroads. 3 min to new police station, fire station, bank, big name chain grocery store, and large shopping center. Updated spacious units with front and back decks. Unit mix: Three 2/1 units One 3/1 unit Ample off-street parking. Projected 8%+ cap rate (PDF of Pro-forma in supplements). Low maintenance: cosmetics and mechanicals all recently updated. Located in Qualified Opportunity Zone (QOZ). Instant equity: 3 next door 4plex's appraised and sold for $375K-$385K within last 120 days. Potential to purchase additional adjacent turnkey 4-plex’s as they come available Fall 2023. All details in pro forma are estimates - Buyer's agent to verify. Owner/Agent: Listing agent is owner of LLC which owns the property. Act quick, this one won't last long-the last 4 on this block from this owner have gone under contract first couple of weeks on market.
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