This 4 family in the newly developed Crown District has been beautifully rehabbed. This is an excellent owner-occupant or investment opportunity, passing the FHA self-sufficiency test at 3.5%
down, an owner-occupant could live for free with an income from day one. For the investor, this property operates at an 8.7% cap rate. Each unit has in-unit washer and dryers, 2 bedrooms and 1 bath with a home office, thermal windows, hardwood floors, stain glass windows, white shaker cabinets, stainless steel appliances, dishwashers, all new kitchen and baths, a new 1.5” water service, all new pex water pipes, new pvc waste pipes, new 100 amp electrical panels, off-street parking, 3 new HVAC systems, 3 new water heaters. Unit 1E (first floor right side) is vacant for an owner/occupant. The other 3 are rented with June 1 move-ins for $1,150, $1,150 and $1,175.
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