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  3. 4 Unit Apartment Complex in Rosedale Area- Investors Opportunity

4 Unit Apartment Complex in Rosedale Area- Investors Opportunity

Asking $ 599,000
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  • Homewood is highly desirable, this home is on the “lower end” of Homewood.
  • Welcome to this fantastic investment opportunity.
  • Award-winning Homewood City Schools!
  • This updated and well-maintained 4-unit multiplex features four spacious, inviting 2 bedroom/1 bath rental units.
  • Each unit is 700 square feet with light-colored LVP floors, stainless steel kitchen appliances and updated bright white kitchens and baths.
  • The property features a shared yard, perfect for outdoor activities and relaxation.
  • Off-street parking in the rear lot.
  • On-street parking is also available.
  • A new $40K laundry facility was added to the basement in Feb 2023 (2 W/D) for the convenience of the tenants.
  • With four separate units in this building, this property presents an excellent opportunity for rental income and long-term investment growth.
  • All units are occupied through the spring/summer of 2025.
  • No flood or fire zone. 


    • Updated On:
    • August 2, 2024
    • 8 Bedrooms
    • 4 Bathrooms
    • 2,784.00 ft2
    • Year Built:1975
    Property Id: 67253
    Price: Asking $ 599,000
    Property Size: 2,784.00 ft2
    Property Lot Size: 6,900.00 ft2
    Rooms: 20
    Bedrooms: 8
    Bathrooms: 4
    Year Built: 1975
    Rent (mo): 5200
    ROI (ann): 15.2
    Cashflow (mo): 810
    Property Taxes (mo): 375
    Insurance (mo): 200
    Repairs (mo): 400
    Management Fee (mo): 384
    Leasing Fee (ann): 1438
    HOA (mo): 250
    Vacancy Rate (ann): 48
    Transport
    Supermarkets
    Schools
    Restaurants
    Pharmacies
    Hospitals

    $ 3,588.32
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 2,839.57

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    Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

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