FourPlex Home No Need for Improvements – Great Investment Opportunity

Asking $ 575,000
  • Fully leased at $895 a month – and no need for any improvements unless tenants vacate.
  • Odds are against all tenants simultaneously vacating.
  • Every unit is leased.
  • Rents are increasing in Montgomery County.
  • Good opportunity to invest in an appreciating market, and secure a 4 plex.
  • Estimates reflect the inevitable replacement of the carpet – we recommend LVP for a lower cost over the life of the property.
  • Updated On:
  • January 24, 2024
Property Id : 60976
Price: Asking $ 575,000
Property Size: 4,140.00 ft2
Property Lot Size: 16,117.00 ft2
Rooms: 20
Bedrooms: 8
Bathrooms: 4
Year Built: 1990
External Construction: Brick
Roofing: Asphalt
Rent (mo): 4200
ROI (ann): 15.3%
Cashflow (mo): 8
Property Taxes (mo): 300
Insurance (mo): 500
Repairs (mo): 75
Management Fee (mo): 320
Leasing Fee (ann): 1000
HOA (mo): 0
Vacancy Rate (ann): 48
$ 3,444.54
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,725.79

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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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