347 S. Cochran is a 1930's vintage property consisting of 6 large units averaging 1000sf. The investment offers the opportunity to take advantage of a prime rental market and achieve some of the loss-to-lease created by the long term ownership. Average rents are approximately $1,600 per month. With comparable rents in the area at $2,500/month, there is at least 40% upside in rents. Each unit is separately metered for gas and electricity and comes with an on-site parking space. There is no parking retrofit required.
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.
