Excellent Value Add opportunity!! Bring your contractor and toolbelt. Two properties offered in one sale: a Fourplex (463 S. 7th St.) and a Duplex (469 S. 7th St.) Side by side parcels. The fourplex was constructed in 1954 and consists of stucco over wood frame on a concrete perimeter foundation. The structure is 2,584 SF on a 6,348 SF lot, according to county records. The four one bedroom, one bath units are approximately 645 SF in size. The four units are virtually identical in size and floorplan. The units are rented on a monthly basis at the following rates: $1,540, $1600, $1620 and $700. These rents are below market as the average rental rate for a one bedroom in this area is approximately $1800/month. The fourplex has deferred maintenance and is in need of repairs. Must be sold with duplex at 469 S. 7th St. Marketing package available.
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