Marketing Remarks: Turnkey 4-Plex - 8% CAP Updated Units Management in Place. 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… Read More 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 $3,050/mo with upside to $3,700-$3,850/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. Read Less
Courtesy of Adam Stark, Adam Stark Home Selling Team
Listing Snapshot
Days Online
5
Last Updated
Square Ft.
3,432
Lot Size
0.25 Acres
Year Built
1984
MLS Number
10071027
Additional Details
Building
Built in 1984, 3,432 above grade finished area sqft, 3,432 below grade finished area sqft, Building area total: 3,432, 1 building, Construction materials: "Brick", "Vinyl Siding"
Cooling
"None", "Central"
Heating
"FAE"
Lot
0.25 acres
Parking
"Assigned"
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