New floor coveringsFresh interior paintAttractive white cabinetryUpdated appliances
Turnkey investment opportunity with strong in place income. This remodeled four unit multifamily property is currently generating 4,869 per month in rental income equating to over 58k in annual gross income providing investors with immediate cash flow from day one. The property features a diverse unit mix consisting of two studio units, one 1 bed/1 bath and one 2 bed/2 bath unit, offering broad tenant appeal and helping reduce vacancy risk. Recent updates throughout the units include new floor coverings, fresh interior paint, updated appliances, and attractive white cabinetry, minimizing near-term capital expenditures. Gas service is separately metered, while the owner currently pays water, electric, and trash. The combination of updated interiors, established rental income, and a desirable unit mix makes this an excellent addition to any investment portfolio. Conveniently located near shopping, dining, employment centers, and major transportation routes, this fully leased property offers both immediate income and long term investment potential. Opportunities to acquire a renovated, income producing fourplex at this price point are becoming increasingly difficult to find.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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