This large single family home was converted to a quadruplex/quadplex/multiplex/4-plex with 4 separate units, each with a bathroom and kitchen. It's located on a quiet residential street and is perfect for an extended family or for renting out. As per rentometer.com, you can expect $925/month from the 3 bedroom upstairs unit, $725 for each of the 2 bedrooms units, and $625 for the 1 bedroom unit, for a total of $3,000/month. It's a killer 3% deal! Take $3,000 in monthly rent / ($85K purchase price + $15K rehab costs) = 3% Please note: there is extensive rehab work to be done with an estimated cost of $10-15K. This includes the cost for putting up or replacing drywall in spots, replacing flooring upstairs, buying refurbished appliances, etc. This would make an excellent reno project for a handyman or contractor. All details listed below are based on post-rehab. The property is connected to city water and sewage so no septic tank issues to deal with.
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.
