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… Read More renovated -- and is an ideal investment for both first-time multi-family buyers and seasoned investors. Key Highlights: Immediate Cash Flow: Current rent roll $3,350/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. Read Less
Courtesy of Adam Stark, Adam Stark Home Selling Team
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Lot Size
0.4 Acres
Year Built
1987
MLS Number
10072950
Additional Details
Building
Built in 1987, 3,432 above grade finished area sqft, 3,432 below grade finished area sqft, Building area total: 3,432, 1 building, 2 stories, Construction materials: "Stucco", "Wood Siding"
Cooling
"Central Air", "None"
Fireplaces
"None"
Heating
"Forced Air", "Electric"
Lot
0.4 acres
Parking
"Open", "On Street", "More than 1 Space/Unit"
Sewer
"Public Sewer"
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