Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.This fourplex contains two bedroom one bathroom units that are renting at $1,200. There are washer dryer hook-ups in each unit and the units are renovated.At the current average rents of $1,200, and an ask price of $486,614 the measures of investment performance include a price per unit of $121,654, price per square foot of $160.49, a GRM of 8.45, an after reserves cap rate of 6.65%.If rents are raised to the market average of $1,325, the measures of investment performance improve to a before reserves cap rare of 6.95%.
Sold
Zillow last checked:
Listing updated:
Bought with:
Michael Schlichte, 17987
Absolute Real Estate
Source: SWMLS,MLS#: 1054702
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2025 | Listing removed | $510,000$168/sqft |
Source:  SWMLS #1092985 Report a problem | ||
| 10/15/2025 | Listed for sale | $510,000+4.8%$168/sqft |
Source: SWMLS #1092985 Report a problem | ||
| 4/12/2024 | Sold | -- |
Source: SWMLS #1054702 Report a problem | ||
| 3/19/2024 | Pending sale | $486,614$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 3/8/2024 | Listed for sale | $486,614$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 1/19/2024 | Pending sale | $486,614$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 12/27/2023 | Listed for sale | $486,614+51.1%$160/sqft |
Source: SWMLS #1054702 Report a problem | ||
| 9/17/2022 | Sold | -- |
Source: SWMLS #1018600 Report a problem | ||
| 7/30/2022 | Pending sale | $322,000$106/sqft |
Source: SWMLS #1018600 Report a problem | ||
| 7/9/2022 | Listed for sale | $322,000$106/sqft |
Source: SWMLS #1018600 Report a problem | ||
| 9/1/2005 | Sold | -- |
Source: Public Record Report a problem | ||
