New higher rents! $4025 total monthly rental income as of 11/1/2020. Cap rate approx 6.3. Come 1/1/2021 Cap rate will be approx 6.7- scheduled rent increase on one unit at this time. This existing 4-plex is a consistent money maker with county pre-approval to build a separate NEW 6-Plex on the same parcel! Each unit in existing 4-plex has 2 full bedrooms with a potential 3rd non-conforming bedroom or office, 2 bathrooms! Each unit has a master with en-suit bathroom, nice-sized closet. WD hook-ups in all units. Ground floor units each have private covered patios, the upper units have balconies. Owner pays w/s/g for tenants, separate metered electric, paid for by tenant. The grounds are quiet and serene with mature trees, a 12'x36' storage shed, and approximately 12 car parking lot.
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