This 5,100 sq-ft 4-family property boasts spacious 2-bedroom, 1-bathroom units. Here’s why this investment deserves your attention:
- Recent Updates: Two units have recently undergone renovations, enhancing their appeal to tenants and reducing immediate renovation expenses. A new roof was installed in 2021.
- Steady Rental Income: Three out of four units are currently occupied, providing a reliable source of income. Rents are currently $725, $565 (month-to-month lease), and $725, ensuring consistent cash flow.
- Market Insights: According to Rentometer, nearby 2-bedroom apartments command rents ranging from $825 to $1,550, 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. An inspection report is available upon request.