Property Description

Marketing Remarks: Turnkey 4-Plex - 8% CAP | Updated Units | Management in Place 100% Occupancy. Here's your chance to own a cash-flowing, fully managed 4-unit apartment building in a strong rental location. This property features four spacious 2 bed / 1 bath units (875 sq ft each) -- many recently renovated -- and is an ideal investment for both first-time multi-family buyers and seasoned investors. Key Highlights: Immediate Cash Flow: Current rent roll $3,300/mo with upside to $3,700/mo once at full market rents. Market Rent Growth: New leases at $850/mo; market supports $925/mo without major upgrades. Tenant-Paid Utilities: Water, sewer, and trash billed back monthly, boosting NOI. Recent $30K+ CapEx Improvements: New LVP flooring in units & entry stairway Fresh paint throughout Updated appliances, lighting, trim, and doors Multiple newer water heaters Painted kitchen cabinets & new exterior entry door. 100% Occupancy! Hassle-Free Operations: Professional management in place plus on-site contractor willing to remain. Construction & Layout Benefits: Solid brick & siding construction for low maintenance Simple, efficient floorplans that appeal to long-term tenants Shared off-street parking lot with neighboring identical building 📍 Location: Convenient to schools, shopping, and main roads, ensuring steady rental demand. 💡 Investor Tip: Purchase the adjacent identical 4-plex for a total of 8 units and enjoy economies of scale with shared parking, management, and maintenance.

Property Features

Units

Local Schools