Overview

  • Updated On:
  • March 13, 2023
  • 14 Bedrooms
  • 4 Bathrooms
  • 1,104.00 ft2
  • Year Built: 1922

Renovated Fourplex Family Home in a Very Desirable Location

Asking $ 795,000
Favorite
  • Fourplex with two 3 bedroom, 1 bath units and two 4 bedroom, 1 bath units
  • Days on the market: 2 as of 2/3/2023
  • The recent inspector said this was the “cleanest multi-family he’s ever seen”!
  • Very desirable location for young professionals
  • The front door faces a large popular park
  • No fire or flood zone
  • 2 tenants will be moving soon and will give the new owner the opportunity to raise rents to the market level
  • Estimates for owner-paid utilities is around $350/mo for water/trash/sewer (pending verification)
  • Fully remodeled in 2022 which means little to no maintenance for a new buyer.  We still estimated $400/mo. in the spreadsheet for conservative long-term cash flow estimates only
  • New Plumbing and Electrical in 2022
  • In-unit washers/dryers
  • No HOA charges
  • 4-space off-street private parking pad
  • Updated On:
  • March 13, 2023
  • 14 Bedrooms
  • 4 Bathrooms
  • 1,104.00 ft2
  • Year Built: 1922
Property Id : 58193
Price: Asking $ 795,000
Property Size: 1,104.00 ft2
Property Lot Size: 4,417.00 ft2
Rooms: 26
Bedrooms: 14
Bathrooms: 4
Year Built: 1922
Rent (mo): 7200
ROI (ann): 24.2
Cashflow (mo): 839
Property Taxes (mo): 400
Insurance (mo): 300
Repairs (mo): 400
Management Fee (mo): 514
Leasing Fee (ann): 214.4
HOA (mo): 350
Vacancy Rate (ann): 4
Area:
State/County:
Country: United States
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