- 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
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