Property Description

Marketing Remarks: Marketing Remarks: Marketing Remarks: Turnkey 4-Plex - 11% CAP | Updated Units | 100% Occupancy. Here's your chance to own a cash-flowing, turn-key 4-unit apartment building in a strong rental location. This property features four spacious 2 bed / 1 bath units (875 sq ft each) -- 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 $3,317/mo with upside. 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 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 in select units & new exterior entry door. 100% Occupancy! Hassle-Free Operations: 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 📍 Location: Convenient to schools, shopping, and main roads, ensuring steady rental demand. 💡 Investor Tip: Purchase the two adjacent identical 4-plex for a total of 12 units and enjoy economies of scale with shared parking, management, and maintenance.

Property Features

Units

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