Discover a new investment opportunity with this 3,996 square foot four-family property, ideally situated directly across the street from St. Mary’s High School. This value-add property offers the potential for substantial returns. Here’s what makes it special:
- Prime Location: Located just steps away from St. Mary’s High School, this property enjoys a convenient location in the heart of the community.
- Income Potential: Currently, one unit is occupied with a month-to-month lease, generating $495 in rental income. This presents an immediate revenue stream, and there is potential to increase this rent with additional updates.
- Vacant Units: Three units are vacant, offering an opportunity for customization and rent optimization. One of these vacant units may require some finishing touches, while the others are ready for a full update to maximize rental income.
- Rental Market Insights: According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates. This data underscores the potential for increased rental income once the units are renovated.
- 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.