4947 Lindenwood is a large 4-family building just steps from the intersection of Chippewa and Kingshighway. This convenient location is close to grocery shopping, public transportation, fine dining and much much more. The building has hardwood floors throughout, central A/C and forced air heat, private laundry hookups, storage lockers and off-street parking. The front doors enter straight into the units, with the bedrooms in the rear. Which leaves you with minimal common hall cleaning. The building is a very easy turn-key property to manage. The current rents are: $550, $550, $550 and $650. The property is currently performing at a 9.52% cap rate. The average market cap rate for the Northampton/Kingshighway Hills area is 8.1%. So this building is a cash-cow in comparison to the competition.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
