Renovated Fourplex Family Home in a Very Desirable Location

Asking $ 795,000
  • 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:
  • November 7, 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
$ 4,762.46
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,768.71

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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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