Fantastic 4-Plex Investment Opportunity!
This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants.
Property Highlights:
– Solid investment with established tenants and consistent rental history
– Roof less than 10 years old, cedar siding, and newer landscaping
– Ample off-street parking, two decks, and attractive curb appeal
– Located in a revitalized neighborhood with continued growth potential
Financials:
– Estimated Rental Income: $2,325/month ($27,900/year)
– Estimated Expenses: $925/month ($11,100/year)
– Net Income Potential: $1,400/month ($16,800/year)
Current Units & Tenants:
– Apt 1: $475/month – Upstairs Efficiency – 13-year tenant
– Apt 2: $575/month – Upstairs 1 Bed/1 Bath – 1-year tenant
– Apt 3: $575/month – Main 1 Bed/1 Bath – 4-year tenant
– Apt 4: $700/month – Main 1 Bed/1 Bath – currently owner-occupied
Owner’s Apartment (Apt 4) Features:
– Kitchen with pantry, stainless steel fridge, range, and dishwasher
– Stackable washer/dryer hookups
– Enclosed dog door with access to large outdoor kennel
– Spacious dining & living areas, full bath with tub/shower
– Gorgeous original woodwork, front & back entrances, and private deck