Property Description

Turnkey investment opportunity with strong in place income. This remodeled four unit multifamily property is currently generating 4,869 per month in rental income equating to over 58k in annual gross income providing investors with immediate cash flow from day one. The property features a diverse unit mix consisting of two studio units, one 1 bed/1 bath and one 2 bed/2 bath unit, offering broad tenant appeal and helping reduce vacancy risk. Recent updates throughout the units include new floor coverings, fresh interior paint, updated appliances, and attractive white cabinetry, minimizing near-term capital expenditures. Gas service is separately metered, while the owner currently pays water, electric, and trash. The combination of updated interiors, established rental income, and a desirable unit mix makes this an excellent addition to any investment portfolio. Conveniently located near shopping, dining, employment centers, and major transportation routes, this fully leased property offers both immediate income and long term investment potential. Opportunities to acquire a renovated, income producing fourplex at this price point are becoming increasingly difficult to find.

Property Features

Units

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