Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-bedroom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.
71 days
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181
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8
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Zillow last checked:
Listing updated:
Listed by:
Derek Eisenberg877-996-5728,
Continental Real Estate Group
Source: Imagine MLS,MLS#: 26013646
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 6
Full bathrooms: 6
Heating
Forced Air, Heat Pump, Space Heater
Cooling
Central Air, Ceiling Fan(s), Wall Unit(s)
Appliances
Laundry: Main Level
Interior area
Total structure area: 2,700
Total interior livable area: 2,700 sqft
Property
Parking
Parking features: On Site
Lot
Size: 0.36 Acres
Details
Parcel number: 0693406021.00
Zoning: R-1
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Roof: Composition
Condition
Year built: 1946
Utilities & green energy
Utilities for property: Cable Connected, Electricity Connected