Ranch style 4-family in Bevo Mill, 2 Bedrooms, 1 Bath each unit. These units are laid out for a simple investment. The building is on a cul de sac in a quiet corner of Bevo Mill. Total rents are $2,050 a month and $24,600 annually. Expenses are $6,803 for an annual net income of $17,797. Professionally managed by DECA Realty(8%). 2 of the 4 units are updated and rented out at $575, Rentometer suggests this may be a bit low, 2 bedrooms close by are renting for $650+. 2 of the 4 units are rented out at $450. Estimates for updating these units to the $575 price point is $8-10K, a 15-18% return on investment. Currently operating at a 10.6% Cap Rate. Showings with 1/4 units and basement, other units with contract.
Search the MLS below using the city, postal code, address or listing id of the desired property.