This brick 4-family property, boasting all 1-bedroom units and a total of 3,726 square feet, is brimming with untapped potential. Here’s what sets this property apart:
- Ideal Location: This property is located in the Mt. Pleasant Neighborhood near Carondelet Park.
- Investment Opportunity: With one of the four units already in excellent condition, commanding a monthly rent of $675, this property offers immediate income. After some updates, comparable units nearby rent for $800 which could result in an annualized potential income of $38,400.
- Comparable Sales: Recent sales of neighboring 4-family properties have ranged from $255,000 to $365,000, depending on size and updates. This reflects promising market potential.
- Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
- Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.