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Overview

  • Updated On:
  • February 4, 2023
  • 8 Bedrooms
  • 6 Bathrooms
  • 4,320.00 ft2
  • Year Built: 1986
  1. Home
  3. Well Maintained 4-Plex Home with Annual ROI of 22.4%

Well Maintained 4-Plex Home with Annual ROI of 22.4%

Asking $ 490,000
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  • Quad (4-plex) with each unit having 2 bedrooms and 1.5 baths
  • All 4 units have 1-car attached garages 
  • The seller was originally only willing to sell if the buyer agreed to an appraisal gap contingency.  We have since verbally negotiated with the seller’s agent to drop that requirement. 
  • The seller is willing to forego an appraisal gap contingency for a full-price offer 
  • Stable areas and units have been well maintained
  • No HOA charges
  • Tenants pay all utilities and there are no common areas
  • Unfinished basement(s) provides value-add if the buyer wants to add square footage. 
  • The roof is 6-12 years old, water heaters are nearing the end of life expectancy, each unit has a 100 amp circuit breaker in good working condition, and HVAC units of varying makes models range from 7-11 years old
  • Washer/dryer hookups in each unit
  • Updated On:
  • February 4, 2023
  • 8 Bedrooms
  • 6 Bathrooms
  • 4,320.00 ft2
  • Year Built: 1986
Property Id : 57448
Price: Asking $ 490,000
Property Size: 4,320.00 ft2
Property Lot Size: 13,939.00 ft2
Rooms: 22
Bedrooms: 8
Bathrooms: 6
Year Built: 1986
Garage: Attached
Garage Size: 4
Rent (mo): 4200
ROI (ann): 22.4
Cashflow (mo): 365
Property Taxes (mo): 470
Insurance (mo): 220
Repairs (mo): 300
Management Fee (mo): 285
Leasing Fee (ann): 114.3
HOA (mo): 0
Vacancy Rate (ann): 4
Area:
State/County:
Country: United States
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Other Features
back yard
deck
fenced yard
fireplace

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