Positive cash flow MOST definitely possible. Rents can be much higher than too kind an owner has been collecting from long-time occupants. Leases are month-to-month so easy to kick the rent rates up quite a bit in today's market to maximize positive cash flow! All Bathrooms have been updated either just recently or within a year or two. NEW neutral carpet in all units. NEW white 6-panel doors in most units. Coin Washer & Dryer provides ADDITIONAL income. Storage closet and mechanical room provide private storage for owner. EXTRA parking spaces compared to other 4-unit buildings along street makes this building more desirable to future prospective tenants. Shed at rear of lot for private owner use as well. 2018 Profit & Loss statement with list of improvements available upon request.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
