Turnkey 4-Unit Investment Opportunity with Strong Upside! Well-maintained and recently updated 4-unit apartment building offering an excellent opportunity for both seasoned and first-time investors. Each unit features 2 bedrooms, 1 bathroom, and a 1-car garage, making this property highly attractive to tenants and easy to lease. The property… Read More is currently 75% occupied, with one fully remodeled unit intentionally left vacant for showings--providing immediate opportunity to place a new tenant at market rent. Current gross annual income is $46,200, with clear upside potential through rent adjustments. Recent updates include remodeled interiors across all units (Unit A in 2023; Units B, C, and D completed last year), minimizing deferred maintenance and allowing for a smooth transition to new ownership. Value-add opportunity: Unit A is currently under market rent with approximately $300/month upside Market rents for similar units with garages support $1,100-$1,150/month Proforma gross income of approximately $52,800 annually With strong rental demand, desirable unit features, and proven income with room to grow, this property offers a compelling blend of stability and upside. Ideal for investors seeking a low-maintenance, income-producing asset with immediate value-add potential. Read Less
Courtesy of Adam Stark, Adam Stark Home Selling Team
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Lot Size
0.31 Acres
Year Built
1999
MLS Number
10072876
Additional Details
Basement
"Walk-Up Access"
Building
Built in 1999, 4,000 above grade finished area sqft, 4,000 below grade finished area sqft, Building area total: 4,000, 1 building, 2 stories, Construction materials: "Vinyl Siding", "Brick"
Cooling
"Central Air"
Fireplaces
"None"
Heating
"Forced Air", "Electric"
Lot
0.31 acres
Parking
"Additional Parking", "Basement"
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