Explore the potential of this promising 4-family property, featuring 1-bedroom, 1-bathroom units. Here’s what makes this property a compelling investment opportunity:
- Steady Rental Income: Currently, three out of four units are occupied with dependable month-to-month leases, each generating $565 in rental income. This consistent cash flow provides a solid foundation for your investment.
- Rent Growth / Market Insights: There is room to increase rents in the future, boosting your rental income as you make improvements to the property. According to Rentometer, nearby 1-bedroom apartments are currently commanding rents between $775 and $1,100, depending on the extent of updates.
- 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.